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Rial Devaluation Lifts Iran's Trade Balance

EghtesadOnline: Much as the Iranian national currency's steep devaluation in recent months gave rise to challenges, it has also provided a boost to the country's trade balance on the back of surging exports and dwindling imports .
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Publish Date:24/October/2018 | 14:21

Central Bank of Iran Governor Expects Additional Forex Allocation for Imports

EghtesadOnline: The central bank governor said volume of foreign currency trade in the secondary market amounted to €7.3 billion in the past two months. Abdolnaser Hemmati predicted that this amount would accelerate because the government has bestowed more power on the Central Bank of Iran to offer forex from petrochemical exports and other non-oil exporters in the secondary market, the regulator reported on its website on Saturday.
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Publish Date:21/October/2018 | 08:10

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

IRICA Denies Gaining From FX Surcharge on Imports

EghtesadOnline: The Islamic Republic of Iran Customs Administration has denounced claims that it intends to generate revenues by levying foreign exchange rate difference surcharge on imports .
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Publish Date:03/September/2018 | 07:40