November 2016
Governor of the Central Bank of Iran: The Increase in Currency Rates is Not Sustainable
Valiollah Seif, the Governor of the Central Bank of Iran, stated that the recent increase in the dollar's price is a temporary expectation shock and…
The Trend of Decreasing Inflation Rate Continued in November
The inflation rate in Iran continued to decrease in November 2016, with the average inflation rate reaching 8.6 percent. Reports indicate a downward trend in…
Babak Zanjani's Lawyer: A Foreign State-Owned Bank is Ready to Pay Bail for Zanjani
Babak Zanjani's lawyer claims a foreign state-owned bank is willing to pay his bail if his detention is converted to bail. The Central Bank of…
Iran's Central Bank Increases Allowed Currency Entry Limit to $10,000
Iran's Central Bank has doubled the limit for travelers bringing currency into the country from $5,000 to $10,000, effective December 1. This change aims to…
Statistical Center Report: Recession in Iran's Housing Construction Market Continues
The Statistical Center of Iran reports a continued recession in the housing construction market, with a significant decrease in building permits issued. Despite some increases…