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Iran’s CB Allowed to Intervene in Forex Market

EghtesadOnline: The government on Saturday authorized the central bank to intervene in the foreign exchange market to prop the rial after the currency fell to record lows in recent weeks against major currencies.
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Publish Date:30/September/2018 | 05:42

Gov’t to Issue Bonds to Pay Back Loans on Iran Air ATR Planes

EghtesadOnline: The government ’s Economic Council last week approved a proposal of Minister of Roads and Urban Development Abbas Akhoundi, based on which the government is to issue 10 trillion rials ($70 million) worth of bonds and sukuk for financing Iran Air’s new plane orders.
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Publish Date:26/September/2018 | 06:57

Iran's CFT Convention Bill Back in Majlis

EghtesadOnline: The government bill that allows Iran to join the international Convention for the Suppression of the Financing of Terrorism is back on the Majlis floor after the two-month hiatus had stalled the key legislation relating to Iran's Action Plan with the Financial Action Task Force.
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Publish Date:29/September/2018 | 05:55

Iran Government to Authorize Crypto Hardware Imports

EghtesadOnline: Key entities in Iran's government are preparing to officially endorse the import of hardware required to mine cryptocurrency in complementary efforts aimed at backing crypto mining to help an economy under heavy pressure.
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Publish Date:17/September/2018 | 04:40

Iranian Government Introduces Rescue Package for Auto Industry

EghtesadOnline: A plan worked out by the administration of President Hassan Rouhani to mitigate the impact of US sanctions on Iran's economy is to provide the country's beleaguered auto sector with tax exemptions, reduced bureaucracy, and in the event of layoffs, the immediate payment of unemployment benefits.
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Publish Date:02/September/2018 | 07:56

Economist Censures Gov’t Crackdown on Warehouses

EghtesadOnline: Economists and businesspeople believe that cracking down on production units and warehouses, and treating them as criminals will have adverse consequences, as economic players will lose trust in the system.
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Publish Date:28/August/2018 | 06:43