Energy Economy

Iranian and Armenian officials met in Yerevan to explore the ways to boost bilateral economic ties. including the banking transactions.

Iranian Ambassador to Tokyo Morteza Rahmani Movahed announced on Tuesday that to increase economic ties between Iran and Japan. efforts are made to define a special mechanism to facilitate financial transactions between the two sides.

Iran’s national currency of rial is regaining value against the US dollar as other economic indicators of the country are showing revival a year after US President Donald Trump imposed unilateral sanctions against Tehran.

Existing Green Climate Fund projects are estimated to help around 300m people cope with the effects of climate change.

Baghdad is resolute to preserve its trade and energy ties with Tehran with a plan to deposit several billions of US dollars in an account in an Iraqi bank to pay for imports of energy from Iran.

Turkmenistan’s Ambassador to Tehran Ahmed Gurbanov voiced his country’s dissatisfaction with curbs in commercial ties with Iran. and said Ashgabat is determined to restore strength to its economic ties with the Islamic Republic.

The Iranian Ministry of Industry. Mine and Trade said that the country has produced some 7.2 million tons of steel products in the first 4 months of the current local calendar year.

No meeting will be held with the American officials.

The rial. the currency unit used consistently in Iran for almost a century. will be totally abandoned once the country introduces a redenomination.

Iranian and Russian officials discussed avenues to increase mutual cooperation between the two countries in area of vocational training.