Iran Economy News

Iran to enforce single exchange rate

AFP: The central bank of sanctions-hit Iran is to enforce a single exchange rate after a dramatic slide in the value of the...

Report: Iranian currency drops 11 percent, hitting new record low against dollar

AP: Iran’s national currency fell by 11 percent Saturday amid the government’s refusal to sign off on a move to raise bank interest rates,...

Iran currency hits new low in blackmarket trading

AFP: Iran's currency, the rial, hit a record low against the dollar on Wednesday, the ISNA news agency reported, based on rates in blackmarket...

Obama: Iran’s economy a ‘shambles’ after sanctions

AFP: US President Barack Obama said US-led sanctions had reduced Iran's economy to a "shambles," in a robust defense of his policy towards Tehran...

Iran cracks down on dollar trades

Wall Street Journal: Iranian authorities sent police into the streets of the capital Monday to crack down on informal currency trading and support the...

Iran stores more oil at sea as trade pressure grows

Reuters: The volume of Iranian crude oil stored at sea has risen to as much as 8 million barrels and is likely to increase...

Iran to sign $7.6 bln gas deal with local company, Times says

Bloomberg: The Iranian Offshore Oil Co. will award a contract valued at 6 billion euros ($7.6 billion) to a domestic Iranian company, to develop...

Iran rial slides, ‘dollar’ text messages appear blocked

Reuters: Iran's currency has slid 20 percent against the dollar in the last week despite central bank intervention, and Iranians concerned about the economy...

Latest news

How Do the Children of Iranian Regime Officials Manage Smuggled Wealth?

Sky News published a report on April 19 about the children of Iran's ruling elites, who are known as...

The Collapse of Livelihoods in Tehran; Housing Rent Has ‌Become a Nightmare

An examination of rental listings in Tehran’s Districts 4 and 5 shows that the average asking rates in April...

Iran’s ‘No To Executions Tuesdays’ Campaign Marks 117th Week

On Tuesday, April 21, the "No to Executions Tuesdays" campaign entered its 117th week. On this occasion, prisoners participating...

Must read

The Naval Blockade And the Structural Fracture of Iran’s Economy

The blockade of the Strait of Hormuz has now...

Execution of PMOI Members Hamed Validi and Nima Shahi in Tehran

In the early hours of Monday, April 20, Hamed...

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Three Iranian Guardsmen die after rebel clash: report

Reuters: Three Iranian Revolutionary Guardsmen have died from wounds...

Nuclear Iran will dominate 17 Mid-East nations – official

Iran Focus: Tehran, Iran, Mar. 25 – Iran’s official...

Full text of latest IAEA report on Iran

Iran Focus: London, Nov. 09 - Click here to...