August 2023
Disregard for Wage Revision Request; Labor Minister Says to Negotiate Yourself
The Iranian Labor Minister has rejected calls for wage revisions amid rising inflation, suggesting workers negotiate directly with employers. This has led to dissatisfaction among…
Tehran: Prisoner Exchange with the U.S. Will Be Within the Framework of a 'Understanding'
Iran and the U.S. are negotiating a prisoner exchange, with five American dual nationals recently moved to house arrest in Tehran. The Iranian Foreign Ministry…
Criticism of the Central Bank Governor of Iran; Trade News: Cherry-Picking Economic Statistics Continues
The Central Bank of Iran's Governor, Mohammad Reza Farzin, faces criticism for contradictory statements regarding inflation, as rising prices severely impact the purchasing power of…
Latest SHAMKH Report Indicates Decline in Economic Activities in Tir Month
The latest SHAMKH report reveals a decline in Iran's economic activities due to power outages, liquidity shortages, and banking issues. Many businesses are hesitant to…
Central Bank Seeks to Eliminate Currency Exchange Association; Exchanges to Become Part of 'Exchange Center'
The Central Bank of Iran is moving to dissolve the Currency Exchange Association and integrate exchanges into a new system focused on gold and precious…