Tag search "Dollar"

Irretrievable damage of Iran oil sales to India for rupees

Irretrievable damage of Iran oil sales to India for rupees

An expert of the Indian Subcontinent in Tehran believes: “Iran has no option but to suffer the damages of barter trade for the sale of its oil to India against commodities or rupees. This is a temporary solution to cross the hurdle of new sanctions which will incur heavy losses on the country.”

More
Iranians take to the streets after drop in price of dollar

Iranians take to the streets after drop in price of dollar

The rate of USD against the Iranian rial reached new historic peaks in the Iranian economy last week. But it has taken on a downward trend over the last couple of days. Following Rouhani and Trump speeches at the UNGA last week, the dollar reached the unprecedented price of rials 200 thousand (20,000 tomans). But it has seen a drop over the last couple of days, and since last night in particular, making for an uncomfortable night on the forex market and among ordinary people who had converted their money into dollars.

More
Iran has access to all its oil revenues

Iran has access to all its oil revenues

The CEO of the National Iranian Oil Company (NIOC) has pointed out that Iran has access to all its oil revenues and announced the news of talks with a Russian company for an IPC.

More
Zarif: Iran might pull out of the JCPOA

Zarif: Iran might pull out of the JCPOA

Iran plans to get around U.S. sanctions on its oil sales by selling its petroleum and conducting international trade in currencies other than the U.S. dollar, the Iranian diplomat who negotiated the nuclear deal said Saturday.

More
Non-dollar trade discussed in Tehran

Non-dollar trade discussed in Tehran

Iranian Central Bank Governor Abdolnaser Hemmati has discussed a possible replacement of the US dollar by national currencies in trade transactions with Turkish and Russian representatives at the recent trilateral summit of the Syrian ceasefire guarantor states, local media reported.

More
Iran: Economy not at

Iran: Economy not at "dead end"

NDTV writes that Iran said on Saturday it would resist the pressures of U.S. sanctions by relying on its natural and human resources, as Washington pushes allies to cut economic ties with Tehran.

More
Currency rescue for Iran's rial?

Currency rescue for Iran's rial?

Golnar Motealli reports that Iran plans to implement a new financial rescue package on Monday to try and halt the rial’s decline, coinciding with the re-imposition of severe U.S. sanctions on the oil-rich state’s economy after President Donald Trump pulled out of the Iran nuclear deal.

More
America preferred belligerency to diplomacy

America preferred belligerency to diplomacy

Trita Parsi writes in NBC News that after withdrawing from the Iran nuclear deal and threatening Iran with "consequences the likes of which few throughout history have ever suffered before," President Trump announced on Monday that he wants to meet with President Rouhani without preconditions to craft a new deal.

More
Reviewing Steve Hanke's claim about Iran's inflation rate

Reviewing Steve Hanke's claim about Iran's inflation rate

Steve Hanke, an economics professor in Johns Hopkins University, believes that the annual inflation rate in Iran is currently at 151 percent. Meanwhile, the Statistical Center of Iran announced the inflation rate at 8.7% for the 12-month period until July, and the Central Bank of Iran reported the inflation rate to be at 10.2% for the same period. There is a great difference between the inflation rate announced by the Iranian authorities and that of Hanke's.

More
  EIB: No European banks can trade with Iran

EIB: No European banks can trade with Iran

The European Investment Bank’s global operations would be put at risk if it were to invest in Iran, its president said on Wednesday, casting doubt on the EU’s ability to deliver on its pledge to save a nuclear deal with Tehran that Washington has abandoned.

More

Popular downloads

Popular products