Iran Business and Economic News Headlines - December 9

EghtesadOnline: Here are Iran's business and economic news headlines for December 9th:

News ID: ۷۸۴۳۸۸

10 December 2018

President Hassan Rouhani: The US withdrawal from JCPOA and reinstatement of sanctions against the Islamic Republic of Iran are undoubtedly a clear instance of 'economic terrorism'. (Fars News Agency)

The governor of the Central Bank of Iran, Abdolnasser Hemmati: The Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei has ordered the central bank to boost the value of rial. (IRNA(

Head of the Atomic Energy Organization of Iran, Ali Akbar Salehi: The 'Special Purpose Vehicle' – a transaction channel being designed by Europe as part of its efforts to keep trade flowing with Iran in defiance of US sanction – will become operational by the end of 2018. (Mehr News Agency)

First Vice President Es’haq Jahangiri: When it comes to transportation, Iran is not sanctionable. (Mehr News Agency(

Deputy Head of Plan and Budget Organization, Hamid Pourmohammadi: Supporting Iranians' livelihood in the face of US sanctions is a special feature of the next fiscal budget bill. (ILNA)

Head of Plan and Budget Organization, Mohammad Baqer Nobakht: A total of 70 trillion rials (around $600 million) will be allocated to the fight against poverty as per the next [Iranian fiscal] year's (March 2018-19) budget bill. (Mehr News Agency)

Minister of Industries, Mining and Trade Reza Rahmani: Protecting domestic production and manufacturers are the central aspects of the next year’s budget bill. (ILNA)

Head of Administrative and State Recruitment Organization of Iran, Jamshid Ansari: A 20% pay rise in civil servants’ salaries has been planned for next [Iranian fiscal] year (starting March 21, 2019). (IRNA)

Managing Director of Iran Fara Bourse, Amir Hamouni: Return on investment in Iran Fara Bourse has increased by 70% since the beginning of the current year (March 21). (ILNA)

Iranian envoy to Iraq, Iraj Masjedi: Iran’s non-oil exports to Iraq are excepted to rise to between $8.5 billion and $9 billion this [Iranian fiscal] year (to end March 20) as compared to last year's $6.5 billion. (IRNA)

Minister of Roads and Urban Development, Mohammad Eslami: One of the ministry’s main priorities is to complete Iran's transit corridors. (IRNA)

Member of Iran Textile Exporters and Manufacturers Association, Majid Nami: As much as $3 billion worth of clothing are smuggled into Iran every year. (IRNA)

Information and Communications Technology Minister, Mohammad Javad Azari Jahromi: Cell phone prices are bound to decline soon. (Mehr News Agency)

Armenia's acting Prime Minister, NIkol Pashinyan: The agreement on free trade zone is a good opportunity for Iran to start an effective partnership with the Eurasian Union. (Russia24 television)

Deputy head of the Islamic Republic of Iran Railways Hossein Ashouri: Around 90% of Iran's incoming and outgoing good in transit pass though Bandar Abbas port city. (news.mrud.ir)

Head of the Department of Environment, Isa Kalantari: That Iranians have no choice but to use domestic petrol and cars is to blame for the country’s air pollution. (ILNA)

Deputy Minister of Roads and Urban Development, Habibollah Taherkhani: The ministry has laid the foundations for the construction projects of at least 50,000 new homes in new towns this [Iranian fiscal] year (March 2018-19). (Mehr News Agency)

Deputy head of Geological Survey and Mineral Exploration of Iran, Abbas Golmohammadi: Surface mining operations in Iran do not go below an average of 5 meters in depth. (IRNA)