EghtesadOnline: Expansion of monetary growth has again been blamed on the Central Bank of Iran’s obligation to purchase forex from the National Development Fund of Iran and settle the payment in rials, an “ill-advised method” the CBI governor says is tantamount to over borrowing from the bank at a time when NDFI currency resources at best are inaccessible.
EghtesadOnline: A total of 6 million tons of wheat worth 140 quadrillion rials ($577.32 million) have been purchased from local farmers in all 31 Iranian provinces in the current fiscal year (started March 20), a deputy minister of industries, mining and trade.
EghtesadOnline: Deputy Minister of Jihad for Agriculture explained the details of the agreed purchase of spring onions in the southern provinces and Jiroft and Kahnooj regions by the Rural Cooperative Network of Iran.
EghtesadOnline: The guaranteed purchase price paid by the government for renewable power generated by private companies has, on average, increased by 65%.
EghtesadOnline: President Recep Tayyip Erdogan vowed Ankara would continue to purchase oil and natural gas from Iran despite US sanctions in comments published on Friday.