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Cigarette Output Down 27.9%, Smuggling Up 97.5%

EghtesadOnline: A total of 6.07 billion cigarettes were produced in the first two months of the current Iranian year (March 20-May 20), indicating a 27.9% decline compared with the year before.
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Publish Date: 04/August/2020 | 09:12

Bad Debts Decline 11%

EghtesadOnline: The number of bad checks fell by 11.7% in the calendar month ending June 20, compared to a month earlier, the Central Bank of Iran reported.
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Publish Date: 04/August/2020 | 09:05

Mining Cooperation Deal Signed With Oman

EghtesadOnline: Iran-Oman Chamber of Commerce has signed a memorandum of understanding with Iran Mine House to promote the presence of Iran’s mining companies in the neighboring country, improve mineral exports through Oman, facilitate joint investments and form specialized mining committees.
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Publish Date: 03/August/2020 | 08:26

Iran Virus Death Toll Tops 17,000

EghtesadOnline: The recent rise in coronavirus cases in Iran pushed its total death toll to over 17,000 on Sunday, as the country’s tourist hotspots reported a surge in infections.
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Publish Date: 03/August/2020 | 08:19

Iran's Non-Oil Foreign Trade Tops $19 Billion in Four Months

EghtesadOnline: Iran’s non-oil foreign trade stood at $19.63 billion during the four months to July 21, of which exports acc ounted for $8.71 billion and imports constituted $10.92 billion, according to Rouhollah Latifi, the spokesman of the Islamic Republic of Iran Customs Administration.
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Publish Date: 03/August/2020 | 08:13

OECD: Iran's Steel Production Capacity to Rise 51% by 2022

EghtesadOnline: The Organization for Economic Cooperation and Development has predicted Iran’s nominal annual crude steelmaking capacity to reach 54.4 million tons by 2022, an increase of 51% compared to the capacity level of 36 million tons registered by the end of 2019.
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Publish Date: 03/August/2020 | 08:11

Taming Inflation the Iran's CB Way

EghtesadOnline: The Central Bank of Iran says the coronavirus pandemic, deepening budget deficit and disruption in foreign trade are largely responsible for pushing up consumer prices in recent months.
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Publish Date: 03/August/2020 | 08:04

Rise of Sight Deposits

EghtesadOnline: The Central Bank of Iran said increase in sight deposits far outpaced term deposits in the first quarter of the current fiscal year (March 20-June 20), reflecting depositors’ reluctance to keep money in banks for extended periods.
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Publish Date: 02/August/2020 | 14:04

Iran's Trade With Turkey Normalizing

EghtesadOnline: Iran’s trade with Turkey totaled $1.07 billion during January-June to register a decrease of 72.54% compared with the first half of 2019, data released by Turkish Statistical Institute show.
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Publish Date: 02/August/2020 | 13:50

Central Bank of Iran Reviews Q1 Foreign Trade

EghtesadOnline: During the first quarter of the current year (March 20—June 20), Iran’s foreign trade was at its lowest level in the month ending April 19 and at its peak in the month ending May 20, Otaghiranonline.ir reported citing data by the Central Bank of Iran.
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Publish Date: 02/August/2020 | 13:39

Iran to Enforce Strict Covid-19 Guidelines

EghtesadOnline: Iran is to implement stringent coronavirus-related health protocols in the midst of a second wave that has infected over 70,000 in the past month.
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Publish Date: 02/August/2020 | 13:31

EGFI to Open 21 Offices to Boost Exports

EghtesadOnline: The Export Guarantee Fund of Iran is planning to open 21 offices in the provinces to help address exporters’ increasing demand for guarantees.
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Publish Date: 01/August/2020 | 13:18

Central Bank of Iran Reviews Tehran's Housing Market

EghtesadOnline: A total of 14,047 homes were sold in the capital during the fourth month of the current fiscal year (June 21-July 21), registering a 30.3% rise compared with the preceding month.
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Publish Date: 01/August/2020 | 13:07

Impact of Fiat Money

EghtesadOnline: Expansion of monetary growth has again been blamed on the Central Bank of Iran’s obligation to purchase forex from the National Development Fund of Iran and settle the payment in rials, an “ill-advised method” the CBI governor says is tantamount to over borrowing from the bank at a time when NDFI currency resources at best are inaccessible.
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Publish Date: 01/August/2020 | 24:00

Iran Virus Infections Cross 300,000 Mark

EghtesadOnline: Iran’s Covid-19 tally rose past the 300,000 threshold on Friday, as its national taskforce began to broaden the scope of lockdown measures in its worst-hit regions.
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Publish Date: 01/August/2020 | 08:52

Iran Auto Output Rises 4.3%

EghtesadOnline: Iran’s automotive output increased by 4.3% during the first four months of the current Iranian year (March 20-July 20) compared with the year-ago period.
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Publish Date: 30/July/2020 | 11:26

Critical Virus Patients Cross 4,000 in Iran

EghtesadOnline: Critically ill coronavirus patients in Iran topped 4,000 on Wednesday, as a second wave of infections continued its relentless spread across the country.
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Publish Date: 30/July/2020 | 11:24

Iran: Bonds Worth $191m Sold

EghtesadOnline: The government sold 44 trillion rials ($191 million) in bonds at the weekly auction on Tuesday. So far it has generated 464 trillion rials ($2 billion) in nine auctions that have been set up to help plug budget deficits.
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Publish Date: 30/July/2020 | 11:18