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MoU signed between Iran and EAEU
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MoU signed between Iran and EAEU

The Russian Prime Minister, Dmitry Medvedev, has signed a 4-year MoU to establish a free trade zone between Iran and the Eurasian Economic Union. The interim agreement was published online on the Russian government’s official website yesterday, whereby Iran and the EAEU will operate a free trade zone for a period of four years.  

Political and economic reasons of rising exchange rates
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Political and economic reasons of rising exchange rates

Dr Mahdi Pazouki, Economist, told Persia Digest: “Currency fluctuations in Iran have two reasons. The financial reason is the volume of liquidity in the Iranian economy, which is tomans 1500TR. This large figure is a potential danger for the economy. Governments must direct this volume of liquidity towards production for economic growth. But, even if 10 percent of this large volume of liquidity enters the market, it will create fluctuations in currency rates due to the atmosphere of distrust and uncertainty.”

Euro to become the official foreign currency used in Iran
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Euro to become the official foreign currency used in Iran

Currency fluctuations over the past months in Iran, especially in recent days, has prompted the government to make new policies in order to control the forex market here. It has taken immediate action by setting a single price of tomans 4200 for the US dollar; but, reports indicate exchange offices are refusing to sell the dollar at this price and all exchanges have come to a halt.  

Iranian Government takes swift currency control measures
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Iranian Government takes swift currency control measures

Following the unprecedented rise in the price of the dollar and other foreign currencies on Iran’s forex market, the government has taken measures to fix the price of the dollar at tomans 4200. This price has been set for all commodity groups, conditional on providing the necessary documents for the allocation of foreign currency. Travelers can buy and take USD 500 out of the country, delivered to them at airport gates.  

Iran resumes gas swap with Turkmenistan
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Iran resumes gas swap with Turkmenistan

The gas swap deal with Turkmenistan through Iran resumed on 28 April 2018 following negotiations between the two countries’ leaders. As reported by Persia Digest, the swap through Iran came to a halt in January due to the low quality of gas exported by Turkmenistan. Following negotiations, the order was issued on 27 April to resume this on 28 April.  

Most viewed in all sections

Tesla and Volvo seek out 10-year old Iranian inventor

2018/01/06

The young 10-year old Iranian boy, Hossein Atayi Sangrudi from Karaj has already 16 inventions in his portfolio. Six of these are in the process of being registered. His inventions include the VTOL three-modality drones, gunboats, office furniture, miniature sprayer, multipurpose control for smart TVs, and so on.

Iran, US should opt long term relations

2017/10/22

In an interview with Persia Digest, Adib-Moghaddam said: It is imperative that Iran gets even closer to the EU, not least to keep the communication with Washington going, and to minimize misperceptions.

German Schiller Group Concert in Tehran

2017/11/14

The German Schiller Group Concert is taking place in Tehran for the first time. Christopher von Deylen, will be traveling to Tehran with his Group for the first time in mid-December to stage a concert at the Hall of the Ministry of the Interior over two nights on 11-12 December, at 21h30.  

Cooking Tour for Persian dishes

2017/08/16

Two young girls by the names of Shirin Tahanan and Matin Lashkari are the initiators of a delicious cooking tour in Tehran. Shirin cooks and Matin organizes the tour.  

New find in Persepolis

2017/08/20

The newly discovered gates in Persepolis will soon be turned into a museum site once all the protective and safety measures have been completed.

Latest News

Iran wins World Super 6-Men Sitting Volleyball

2018/04/25

The first World Super 6-Men Sitting Volleyball Championships have taken place in Tabriz, northwestern Iran, culminating in a win by the home team.  

MoU signed between Iran and EAEU

2018/04/25

The Russian Prime Minister, Dmitry Medvedev, has signed a 4-year MoU to establish a free trade zone between Iran and the Eurasian Economic Union. The interim agreement was published online on the Russian government’s official website yesterday, whereby Iran and the EAEU will operate a free trade zone for a period of four years.  

UN Secretary-General supports the JCPOA

2018/04/25

At a meeting with the Iranian Foreign Minister, the UN Secretary-General supported the 2015 JCPOA Iran nuclear deal and asked that all signatories remain committed to their obligations under the agreement.  

Complaint (music)

2018/04/25

Artist: Masoud Shaari/ Christophe Rezai Album: Journey Genre: Fusion Year: 2001   (Persia Digest) – The track “Complaint” from the album “Journey” is a work by two prominent Iranian musicians, Massoud Shorari and Christoph Rezaei. It is a fusion of pure Iranian classical music and western music with a touch of Indian. It is considered one of the best fusion pieces in this genre.

EU will seek to preserve the JCPOA without US

2018/04/24

In an interview with Persia Digest, Richard Murphy said: “Trump's nomination of Pompeo as Secretary of State and choice of Bolton as National Security Advisor do not signal his decision to withdraw from the JCPOA.”