EghtesadOnline: Besides the increase in money supply, monetary base and inflation, sanctions have played a key role in the volatility of foreign exchange rates in Iran’s economy, Hadi Haqshenas, an economic expert, said in a write-up for Persian daily Ta’adol. A translation of the text follows:
EghtesadOnline: Besides the increase in money supply, monetary base and inflation, sanctions have played a key role in the volatility of foreign exchange rates in Iran’s economy, Hadi Haqshenas, an economic expert, said in a write-up for Persian daily Ta’adol. A translation of the text follows:
EghtesadOnline: The government has allocated 1,000 trillion rials ($3.4b) to help compensate the elimination of subsidized foreign currency in the 2022-23 budget.
EghtesadOnline: Most Iranian insurance companies are pessimistic about the industry's future under the influence of Covid-19.
EghtesadOnline: Estimates show 15% of Iran’s economy will be affected by the coronavirus outbreak, says Economy Minister Farhad Dejpasand.
EghtesadOnline: Iran’s trade with neighboring countries has been affected by the recent coronavirus outbreak.
EghtesadOnline: Two pieces of news broke in the past couple of weeks concerning taxation.
EghtesadOnline: Fresh US sanctions against Iranian steel exports are likely to have little impact because pricing remains attractive to Asian buyers, Iran-based sources told S&P Global Platts.
EghtesadOnline: Senior economic analyst Saeed Laylaz says there is no scientific evidence that the rise in gasoline prices would definitely have an inflationary impact.
EghtesadOnline: Over the past decade, goods and services in Iran suffered at least two bouts of price shocks following unprecedented volatility in the currency market due to foreign economic sanctions.