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…
How Did the Iranian Society Spend Yalda?
The article discusses how Iranian society celebrates Yalda, the longest night of the year, highlighting changes in traditions and economic challenges. While some families maintain…
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…
European Central Bank President Expresses Concern Over Political Developments in Europe and America
Mario Draghi, President of the European Central Bank, expressed concerns about political uncertainties in Europe and the U.S. while announcing continued bond purchases. He emphasized…
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…
The dire economic situation has forced Venezuelan women to sell their hair
Venezuelan women are selling their hair to survive amidst a severe economic crisis. They cross into Colombia to sell their hair for money to buy…
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…