EghtesadOnline: Head of the Majlis Economic Commission has called on the Central Bank of Iran to end the “traditional ways to control the currency market” and adopt a leading role in the market.
EghtesadOnline: Despite persistent calls by economic experts and academia on the government to scrap subsidized currency allocations, it appears that the controversial forex policy to pay for importing basic goods, will be sustained in next year’s budget (March 2020-21).
EghtesadOnline: If there has been an acute need for structural reforms and fiscal probity in Iran it is now. Much has been said and written about the role, compulsion and significance of transparency and openness in functioning economies.
EghtesadOnline: In a report to the decision-making Money and Credit Council, the Central Bank of Iran outlined the effects of subsidized foreign exchange on the price of essential goods and food.
EghtesadOnline: US pressure on Iran’s key auto industry coupled with domestic faulty policies have pushed up car prices once again, only a few days after the introduction of the government’s new forex policy which saw the market take a break from its months-long bullish run.
EghtesadOnline: Few days after the introduction of government's new forex policy, local parts makers have expressed deep concern over the fate of their business.
EghtesadOnline: Central Bank of Iran's new forex policy has helped calm various markets in Iran, including the tumultuous mobile phone market, as reports point to a drop in prices as much as 10%.
EghtesadOnline: Following the spikes in car prices and a lingering stagnation in the auto market, Deputy Industries Minister Mansour Moazemi is optimistic that the new state forex policy will help alleviate shared concerns of customers and producers over the troubled sector and lead to a drop in prices.