Economic Policies

Iranian Parliament gives initial approval to formation of new ministry

TEHRAN, Mar. 11 (MNA) – The head of the Social Committee of Iranian Parliament said Mon. that the lawmakers gave their initial approval to the formation of Trade and Business Services Ministry in today’s session in the Parliament.

By: M.A Saki

Blind subsidy system costing economy greatly

TEHRAN, Mar. 06 (MNA) – The heavily subsidized gasoline and its rising consumption are putting the country in a difficult situation both strategically and economically.

Enemies target trust, belief and hope of Iranians: Pres. Rouhani

TEHRAN, Feb. 26 (MNA) – The enemies of Iran are targeting the trust, belief and hope of the Iranians, according to President Hassan Rouhani.

Top Iranian council approves boost in central bank’s supervision over credit institutes

TEHRAN, Feb. 03 (MNA) – The Supreme Council of Economic Coordination convened on Sunday in a session chaired by President Hassan Rouhani, with heads of the other branches of the government in attendance.

By Haniyeh Sadat Jafariyeh

Currency reconversion not a turning point in economic reformation

TEHRAN, Jan. 09 (MNA) – One of Iran’s main economic policies, under the framework of the sixth five-year development plan, is modification of banking system and reformation of monetary policies, moving forward toward which the Rouhani administration put forward the plan to shift the national currency from Rial to Toman earlier in December 2016 by eliminating specific number of zeroes.

150bn Rials worth of credit allocated in Sistan and Baluchestan prov.

TEHRAN, Jan. 02 (MNA) – Head of Islamic Revolution Mostazafan Foundation Mohammad Saeedikia revealed the allocation of 15 billion rials worth of credit to one of the deprived cities in Sistan and Baluchestan province.

Iran Parliament confer on economic ties with Iraq, Syria

TEHRAN, Dec. 30 (MNA) – The Spokesman for the Parliament National Security and Foreign Policy Commission Ali Najafi Khoshroudi said Sun. that Iran economic relations with Iraq and Syria was discussed during a meeting at the Parliament.

Iran foreign debt to drop to $9.3bn by year end: World Bank

TEHRAN, Dec. 28 (MNA) – According to the latest World Bank figures, at the end of the current Iranian year (ending Mar. 21, 2019) Iran's foreign debt will reduce to $ 9.3 billion while the country's oil exports are estimated at 1 million bpd next year.

Iran’s oil sales faring much better after US sanctions: Pres. Rouhani

TEHRAN, Dec. 11 (MNA) – President Hassan Rouhani said Tue. that Iran’s oil sales have been faring much better than how they did before the Nov. 5 US sanctions targeting the country’s oil sector.

Austrian amb. to Tehran:

Iran, one of safest countries in world

TEHRAN, Dec. 02 (MNA) – Austrian Ambassador to the Islamic Republic of Iran Stefan Scholz said that Islamic Republic of Iran is one of the safest countries in the world, which has been proven by a reliable UK-based research institute.

Iran, S Korea working on mechanism for oil sales under US sanctions

TEHRAN, Dec. 01 (MNA) – The chairman of Iran-South Korea Chamber of Commerce said Sat. that Iran and South Korea are working on a mechanism to continue bilateral trade, including oil sales, in the face of US sanctions.

Supreme Council of Economic Coordination convenes to discuss next year’s budget bill

TEHRAN, Dec. 01 (MNA) – The Supreme Council of Economic Coordination convened on Saturday in a session that was chaired by President Hassan Rouhani and discussed next year’s budget with special attention to people’s needs, especially those of the lower-income classes.

CBI chief stresses need for formation of organized forex market

TEHRAN, Nov. 22 (MNA) – Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati has stressed the need for bringing the free and official markets into a one single organized market.

Iran to set up anti-sanctions office at its economy ministry

TEHRAN, Nov. 20 (MNA) – Mohammadreza Pourebrahimi, the Chairman of Iran's Parliament Economic Committee, says a think tank will be formed at the Ministry of Economic Affairs and Finance to confront with the US sanctions.

Intelligence forces dismantle network involved in smuggling of petrochemicals

TEHRAN, Nov. 18 (MNA) – The Iranian intelligence forces have dismantled a big network involved in the smuggling of petrochemicals.

Larijani:

US failed to exert desired pressure on Iran via sanctions

TEHRAN, Nov. 07 (MNA) – Iran’s Parliament Speaker Ali Larijani said Wed. that the US sought to disrupt Iran’s internal affairs by exerting more pressure through the recent sanctions, but it failed to achieve its desired results.

US' anti-Iran sanctions ‘unjust’, ‘illegal’: Larijani

TEHRAN, Nov. 06 (MNA) – Iranian Parliament speaker Ali Larijani has called the recent re-imposed US sanctions on Iran "unjust" and against international law.

Nobakht:

Iran’s seven-month revenues up by 20%

TEHRAN, Nov. 05 (MNA) – Head of Iran’s Management and Planning Organization (MPO) Mohammad-Bagher Nobakht said that country revenues in the seven-month period of the current year (March 21 – Oct. 21) experienced a considerable 20 percent growth as compared to the same period of last year.

IMF says Iran should safeguard stability in face of US sanctions

TEHRAN, Nov. 02 (MNA) – The International Monetary Fund (IMF) said on Thursday that Iran should implement policies to safeguard its macroeconomic stability in the face of reimposed US sanctions that will cut Iranian economic growth by reducing oil exports.

Rouhani orders to form 4 expert panels to contribute to govt. economic policies

TEHRAN, Oct. 31 (MNA) – Iranian President Hassan Rouhani has ordered formation of four panels of experts to make the participation of economists in government’s economic policies realized.

Iran rejects Pompeo’s claim on its economy

TEHRAN, Oct. 31 (MNA) – Foreign Ministry has rejected US Secretary of State Mike Pompeo’s claim on the status of the country’s economy, saying Iran’s economy has kept an over 8% growth throughout all the years fighting terrorism in the region.

Military option out of sight as Iran has grown immune against threats

TEHRAN, Oct. 28 (MNA) – Head of Iran's Passive Defense Organization Brigadier General Gholam Reza Jalali says that Iran has grown immune against military aggression thanks to its defense and military capabilities.

Amb. to Baghdad:

Iranian consulates in different parts of Iraq have an economic approach

TEHRAN, Oct. 17 (MNA) – The Iranian Ambassador to Baghdad Iraj Masjedi has said that all consulates in Iraqi cities have put broadening economic relations on their agenda.

US unable to continue anti-Iran policies in long term: Rouhani

TEHRAN, Oct. 15 (MNA) – The Iranian President Hassan Rouhani said Mon. that “with precise planning the United States cannon continue its anti-Iranian policies in the long run.”

Official emphasizes Iran-Armenia coop. to invest in Aras, Mogri free zones

TEHRAN, Oct. 13 (MNA) – Presiding Board Member of Parliament Plan and Budget Commission Hadi Ghavami placed special emphasis on the necessity of cooperation between Iran and Armenia to invest in Aras and Mogri free zones.