Tag Archives | inflation

Dropping Interest Rates could Increase Inflation in Iran

By Navid Kalhor, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Real interest rates in Iranian money markets have risen to all-time highs under the administration of President Hassan Rouhani. This is due to the sharp reduction in inflation, which the administration boastfully declares as its […]

Video: Anti-Govt Protests in Iran enter Third Day

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. There have been more clashes in Iran on the third day of protests over rising food and fuel prices. Tens of thousands are expressing their anger over mounting economic problems. It’s a dispute […]

Iranian Inflation Hits 10%

The Central Bank of Iran (CBI) has announced that inflation for the 12-month period ended 22nd August has hit 10 percent. The Statistical Center of Iran had previously put the country’s inflation rate at 7.7 percent. (Source: Tehran Times)

Inflation likely to rise in Rouhani’s Second Term

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. In terms of economic management, containing inflation has been one of the most significant achievements of Iranian President Hassan Rouhani’s first term in office. The Rouhani administration managed to reduce inflation from close to […]

Iran faced with return of Double-Digit Inflation

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The Central Bank of Iran (CBI) is stepping up its efforts to reform the country’s ailing banking system amid fears that inflation may pick up again. The monetary regulator is “serious” about the reforms, CBI […]

Has Rouhani achieved his Goals for Iranian Economy?

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iranian President Hassan Rouhani’s first term in office will come to an end in a few months, and it is time to evaluate his administration’s economic policies during the past four years. When Rouhani […]

Is Rouhani Repeating Ahmadinejad’s Tricks in Currency Market?

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Ever since the rial hit an all-time low against the greenback on Dec. 27, top monetary policymaker Valiollah Seif (pictured) has been reiterating that the Central Bank of Iran (CBI) will use every tool available […]

Deciphering Iran’s Sudden Currency Fluctuations

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Recent fluctuations in the free market rate of the Iranian rial have caused concerns within the country’s business community that the currency may experience a sharp decline in value due to economic and political […]

Iran — Achieving its Potential in the Global Economy

By John Lee. A senior official with the International Monetary Fund (IMF) has said that Iran must implement economic and structural reforms and tackle money laundering and terrorist financing if it is to reintegrate into the global economy. Mr David Lipton (pictured), the IMF’s first deputy managing director, made the statement in Tehran — this […]

Increase in Iran’s Foreign Exchange Reserves

The International Monetary Fund (IMF) in its latest economic report announced that Iran’s foreign exchange reserve had increased significantly. In its latest World Economic Outlook report, the IMF said the Iranian reserve of foreign exchange rose by 14.3 billion dollars in 2015, registering a record of 125.9 billion dollars. The report at the same time […]

Iran Issues “Annual Economic Review”

The Central Bank of Iran (CBI) has published the latest edition of The journal of Annual Economic Review for 2014/15, featuring topics on Global economic developments, Central Asia and Middle East economic developments, Gross Domestic Product and Expenditure, developments of real economy, Oil Market developments, Fiscal sector developments, Asset Market developments and other subjects. The […]

Why High Inflation may Return to Iran

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Top Iranian banking executives agreed Feb. 13 to cut the deposit rate of one-year rial saving accounts by two percentage points — from 20% to 18% — for the second time this Iranian calendar […]

Iran Aims for 5% Growth Next Year

By John Lee. Iran’s Minister of Economic Affairs and Finance has said that the government is targeting 5 percent economic growth in the coming Iranian year, which begins on 20th March. Ali Tayyebnia (pictured) added that inflation is targeted at 11.3 percent. (Source: Tasnim News Agency)

Inflation Falls to 14.8%

The Central Bank of Iran (CBI) has announced that the inflation rate for the 12-month period ending 22nd October has fallen to 14.8 percent compared to the same period last year. According to the Mehr News Agency, the inflation rate has been falling in recent months and is expected to fall further in the coming […]

Has Iran entered ‘New Era’ of Economic Policies?

By Seyed Mahdi Barakchian, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Supreme Leader Ayatollah Ali Khamenei’s speech at his Aug. 26 meeting with President Hassan Rouhani (pictured) and the Cabinet signaled a new era for the management of the Iranian economy. This is notable, […]

Rouhani Outlines Plans for Growth

President Rouhani described the new plans and policies of the government for economic growth, the most important foreign relations plans, and regional and global issues in a live television interview. “People are getting ready to show their respect to the culture of Ashura which is the culture of dignity, freedom, and resistance against injustice and […]

“Prospects for 2016/17 are Brighter”, IMF

An International Monetary Fund (IMF) team has reported that comprehensive economic reforms will be needed in Iran if it is to benefit from the nuclear deal it struck with six world powers in July. It said real GDP growth is projected to decline from 3 percent in 2014/15 to somewhere between 0.5 to -0.5 percent in […]

Ministers Secretly Warn PM on Economy, but Why?

By Arash Karami, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Four ministers from the administration wrote a letter to President Hassan Rouhani (pictured) warning him that Iran’s economic situation could turn into a “condition of crisis” that would take many years to recover from. […]