December 2016
Central Bank: Housing Transactions Decreased in December
In December, Tehran saw a 5.9% decrease in residential apartment transactions compared to last year, indicating ongoing stagnation in the housing market. Despite this, the…
Record Growth Amidst Recession
Iran's economic growth rate has reportedly reached 7.4% in the first half of the year, sparking mixed reactions and doubts despite previous positive forecasts. The…
Minister of Economy: Currency Change from Rial to Toman Will Be Gradual
Iran's Minister of Economy announced that the transition from rial to toman will be gradual and will not involve immediate new banknotes. This decision is…
Dollar Price Surpasses 4000 Tomans
The price of the US dollar in Tehran's free market has surpassed 4000 tomans for the first time, reflecting a significant increase influenced by global…
IMF Predicts 6.6% Economic Growth for Iran
The IMF has revised its economic growth forecast for Iran to 6.6% due to rising oil prices and exports, although it anticipates a decline to…
Freezing of 1000 Trillion Tomans in Iranian Banks
The Iranian government's debt to banks has increased by 20%, leading to a significant freeze of assets in the banking sector, now totaling nearly 1000…
Deputy Governor of the Central Bank: Changing the Currency Unit Does Not Mean Monetary Reform
The Iranian Central Bank's Deputy Governor announced that changing the currency unit from rial to toman is not a monetary reform but a move to…
Awaiting the Final Budget Bill of the Eleventh Government
The final budget bill of President Hassan Rouhani's government is set to be presented to the parliament amid ongoing economic challenges and political pressures, with…
Food Inflation Rate Decreases from 38.7% to 8.6%
The inflation rate in Iran has significantly decreased from 40% in November 2013 to 8.6% in November 2023, with notable reductions in food inflation. This…