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What Kind of Gov’t Does Iran’s Economy Need?

EghtesadOnline: The achievements of recent years, including the Joint Comprehensive Plan of Action, macroeconomic stability, Health Overhaul Plan and export of 1 million barrels of oil are all valuable but transient, if not protected by a prudent administration.
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Publish Date:20/May/2017 | 08:13

Iranian Gov’t Buys Tea Leaves From Farmers

EghtesadOnline: The government has bought some 28,000 tons of fresh tea leaves worth 650 billion rials ($17.3 million) from local farmers in northern Iran so far this year (started March 21), from which 6,300 tons of dried tea have been produced, the head of Iran Tea Organization said on Sunday.
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Publish Date:15/May/2017 | 13:12

Gov’t Buys 550K Tons of Wheat in 20 Days

EghtesadOnline: The government has purchased about 550,000 tons of wheat from local farmers in eight provinces across the country over the past 20 days, the head of the Government Trading Corporation of Iran said.
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Publish Date:03/May/2017 | 11:42

Govt. steeply raises cash handouts for Iranians

EghtesadOnline: Impoverished families in Iran will get a raise of up to 50% in monthly allowance, under a program which had been adopted for sometime but will go to force from Saturday night.
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Publish Date:15/April/2017 | 13:33

Gov't Repays Social Security Organization Arrears

EghtesadOnline: The Social Security Organization of Iran has thanked President Hassan Rouhani in a letter, thanking him for repaying government arrears to the organization.
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Publish Date:12/April/2017 | 11:43

Iranian Government Reduces Bank Arrears by $3.5b

EghtesadOnline: The government has cleared 132 trillion rials ($3.5 billion) of its arrears to the banking system while increasing its capital to public-sector banks by 242 trillion rials ($6.4 billion) , said the government spokesman.
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Publish Date:06/April/2017 | 18:00

Iran’s cabinet recite pledge to lofty ideals of the late Imam Khomeini

EghtesadOnline: Iran President Hassan Rouhani, accompanied with the members of the cabinet, visited the tomb of Imam Khomeini and the graveyard of martyrs early on Monday to recite their pledge to lofty ideals of the Late Imam Khomeini and martyrs of the Islamic Revolution and the Sacred Defense.
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Publish Date:30/January/2017 | 10:25

Gov’t Raises Bank Melli Capital by $2.4b

EghtesadOnline: In the latest plan to increase the capital of Iranian public-sector banks, Bank Melli Iran will receive almost half the total amount considered for the plan, the bank’s CEO revealed.
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Publish Date:29/January/2017 | 13:23

Iranian Government Pulling Cellphone Market Out of Disarray

EghtesadOnline: In a move aimed at soothing the disheveled Iranian mobile phone market, the government of President Hassan Rouhani has sped up the release of handsets from customs warehouses and in the coming days some 600,000 cellphones will receive clearance and enter the market.
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Publish Date:08/August/2018 | 07:24

Iran Gov’t Moves Closer to Market Economy

EghtesadOnline: The government has eased foreign exchange rules and allowed money exchangers to resume work at open market rates, as part of the latest rescue package intended to calm the volatile market.
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Publish Date:07/August/2018 | 06:17

Iranian Government Earnings From Cellphone Imports Jump by 194%

EghtesadOnline: T he implementation of the Mobile Phone Registry Scheme, in line with e-governance policies, as well as a means to curb the smuggling of cellphones, has generated three times the previous amount in state revenues by customs duties and taxes levied on mobile phone imports.
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Publish Date:01/August/2018 | 09:36

Iran Government to Expand Secondary Forex Market

EghtesadOnline: As the negative consequences of the government’s policy in enacting a single exchange rate for the US dollar are becoming clearer, report from local media suggest that the government is finally prepared to entirely abandon that policy.
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Publish Date:29/July/2018 | 05:17

Government Buying Wheat to Build Up Strategic Reserve

EghtesadOnline: More than 6 million tons of wheat worth 78 trillion rials ($1.8 billion) have been purchased from local farmers since the beginning of the current harvest season to shore up the country’s strategic reserve of essential commodities.
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Publish Date:23/July/2018 | 07:22

Private Sector Lawsuit Against State Power Cuts

EghtesadOnline: The private sector will file a complaint against the government for the repeated power outages of recent weeks, the deputy head of Industries, Mines and Trade House of Iran said.
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Publish Date:22/July/2018 | 05:07

$23b of Gov’t Debt Clearance in Multilateral Swap Scheme

EghtesadOnline: The government and the Central Bank of Iran have made good progress and will soon implement a previously-announced and much-anticipated multilateral debt swap agreement that will see the clearance of billions of dollars in government liabilities to the private sector, the deputy head of Plan and Budget Organization said.
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Publish Date:30/June/2018 | 24:07

Markets in Iran Positive as Gov’t Allows Forex Open Market Trading

EghteasadOnline: The government has finally consented to allow open market exchange rates for certain import transactions and markets reacted positively to the news, as the bull run in the foreign exchange and gold coin markets started losing steam.
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Publish Date:26/June/2018 | 05:07