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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

Iran Gov’t Mulling Creation of Forex Open Market

EghtesadOnline: The government has agreed to consider a business community proposal to recognize a "secondary" foreign exchange market where rates are determined by supply-demand mechanism.
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Publish Date:24/June/2018 | 04:16

Gov’t Limits Forex Supply to Importers

EghtesadOnline: The government has curbed the allocation of foreign currency for the import of some commodities and appears set to launch a revised currency policy, Mehr News Agency cited an unnamed bank official as saying.
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Publish Date:19/June/2018 | 05:38

Rejecting Direct Intervention, Government Taps Education

EghtesadOnline: President Hassan Rouhani's administration has no intention to interfere in the activities of Iranian startups or impose its will on the sector since authorities are of the opinion that deregulation along with providing younger generations with proper education are the key to boosting the sector, an official with the ICT Ministry told reporters.
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Publish Date:18/June/2018 | 08:00

Gov't Looks to Boost Fintechs, E-Banking

EghtesadOnline: The Iranian government is increasingly paying more attention to expansion of new financial instruments, mainly through supporting fintechs and developing electronic banking.
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Publish Date:24/February/2018 | 06:29

$660m Allocated to Modernize Irrigation Systems

EghtesadOnline: The government has allocated 31.17 trillion rials ($660 million) for the installation of modern irrigation systems in farmlands across the country, of which 41% (close to $270 million) have been invested so far.
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Publish Date:18/February/2018 | 08:14