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December 2016
December 22, 2016
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…
December 20, 2016
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…
December 18, 2016
Central Bank Governor: Iran's Economic Growth Reached 7.4% in the First Half of the Year
The Central Bank Governor of Iran announced a significant economic growth of 7.4% in the first half of the year, attributed to the oil sector's…
December 8, 2016
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…