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December 2023
December 29, 2023
The Preferred Currency Rate for Baby Formula Increases Sevenfold; Production May Stop in Coming Months
The preferred currency rate for baby formula in Iran has surged from 4,200 to 28,500 tomans, prompting warnings from producers that production may halt due…
December 27, 2023
Inflation's Blade on the Economy; 17,000 Financial Debtors Banned from Leaving the Country
Iran's economy is facing severe challenges as 17,000 individuals have been banned from leaving the country due to financial debts, largely attributed to inflation and…
December 24, 2023
54% Increase in Housing Prices Since Last Year and 2% Decrease from Last Month; Experts Say It's 'Temporary'
The Central Bank reported a 54% increase in housing prices over the past year, despite a recent 2.2% decrease. Experts attribute the price drop to…