Energy Economy

Governor of the Central Bank of Iran announced that his country’s national currency the rial has regained over 40 percent of its value. to Washington’s disappointment as the US is trying to damage Tehran’s economy with unilateral sanctions.

Iran’s Deputy Transportation Minister Shahram Adamnejad announced that the country’s largest airline IranAir has posted an operating profit for the last local calendar year ending on March 20. 2019.

Iranian Minister of Industry. Mine and Trade Reza Rahmani said that his country is planning to further decline the volume of imports by 2021. in a move to increase national economy’s resistance to US-posed pressures.

Iranian Ambassador to Kabul Bahador Aminian said that his country’s exports to Afghanistan are 3 times more than what it sends to 28 member states of the European Union. highlighting that trade with Afghanistan is of high value to Tehran.

According to Customs reports. China with 24.37% share of total imports in six months is Iran’s major importer of non-oil goods from March to September.

Minister of Industry. Mine and Trade Reza Rahmani said that country’s imports volume will decrease $10 billion by 2021.

Iran and Turkmenistan signed a number of memoranda of understanding (MoUs) to expand their collaboration in the field of economy and trade.

Italian Ambassador to Iran Giuseppe Perrone voiced his country’s willingness to develop mutual cooperation with Iran in different fields. specially in economic and trade areas.

Iranian Industrial Management Institute. Chabahar International University and Chabahar specialized University of Navy and Marine Sciences signed an agreement with German FHM University to share know-how in the field of sustainable mobility management.

Eight foreign banks have signed up for the Russian version of the worldwide payments system Swift. launched to bypass US sanctions. according to the Central Bank of Russia.