Iran Economic News Headlines for October 9

EghtesadOnline: Here are Iran's economic news headlines for October 9th:

News ID: ۷۸۴۱۳۷

10 October 2018

1. Deputy President for Economic Affairs Mohammad Nahavandian: Foreign currency exchange rates are bound to drop lower. (ILNA)

2. Governor of Central Bank of Iran Abdolnasser Hemmati: Purchasing foreign currency banknotes is no good investment. (IRNA)

3. Hossein Salahvarzi, the deputy head of Iran Chamber of Commerce, Industries, Mines, and Agriculture: Iran holds more than $120 billion worth of foreign exchange reserves. (Otaghiranonline.ir)

4. Majid Reza Hariri, the deputy head of Iran-China Chamber of Commerce: The government is the key player in determining the value of US dollar. (Otaghiranonline.ir)

5. Asghar Fakhrieh Kashan, advisor to the minister of roads and urban development: The ruling on Iran sanctions by the International Court of Justice in The Hague [the Netherlands] could set the stage for the delivery of new airplanes to Iran. (News.mrud.ir)

6. Export Guarantee Fund of Iran CEO Seyed Kamal Seyed Ali: Non-oil exports are expected to reach $60 billion by the end of the [current fiscal] year [March 20, 2019]. (IRNA)

7. Kamel Taqavinejad, the head of the Iranian National Tax Administration: INTA clawed back 220 trillion rials [$1.57 billion] in the fight against tax evasion last [fiscal] year [March 2017-18], thanks to the information obtained from the websites created as part of the Comprehensive Taxation Plan. (Mehr News Agency)

8. Managing Director of Mouteh Gold Mine Alireza Talari: Iran possesses the world's 11th biggest gold reserves with 350 tons of reserves. (Donya-e Eqtesad)

9. Hossein Raghfar, Iranian economist: Estimates show one million jobs could be lost to severe recession and bankruptcy of manufacturers this [fiscal] year. (ILNA)

10. Agriculture Minister Mahmoud Hojjati: Iran is among the world’s top 10 producers of chicken and eggs. (Mehr News Agency)

11. Ahmad Ali Keykha, the head of Majlis Agricultural Commission: Agricultural management in Iran is not based on scientific principles. (Fars News Agency)

12. President of Iran Chamber of Commerce, Industries, Mines and Agriculture, Gholamhossein Shafei: Today, the rich benefit more from government’s subsidies. (ILNA)

13. Farhad Ehteshamzad, the head of Iran's Auto Importers Association: Policing tactics don't work when it comes to economy. (Otaghiranonline.ir)

14. Alireza Jabbarianfam, the head of Tabriz Shoe and Saddle Makers Union: Tabriz in East Azarbaijan Province accounts for around 60% and 95% of Iran’s total shoe and leather shoe production respectively. (Donya-e-Eqtesad)