Tag Archives: Central Bank

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati boasted his country’s victory in thwarting foreign-backed economic conspiracies against Tehran. stressing that the plots to devaluate the national currency of rial have effectively failed.

A new report is showing that the month-on-month inflation rate in Iran is curbing. while at the same time the country’s national currency is regaining lost value against the US dollar.

The Iranian national currency of rial is 118.000 against the US dollar which shows a relatively high regain of value compared to months of low that followed American introduction of crippling economic sanctions against Tehran.

Iran is exempt from an agreement between major global oil exporters to maintain cuts of 1.2 million bpd until March 2020.

Iran has exported $ 2.5 billion worth of goods to Iraq in the past 100 days which indicates a 20% spike compared with the corresponding period in the last year.

Even if Iran’s oil exports is driven to zero. non-oil exports can compensate financing currency requirements of the country.

Iranian Foreign Minister Mohammad Javad Zarif said that Tehran is in talks with a number of other states. including China. India and Russia. to establish bilateral monetary channels in a bid to bypass Washington’s unilateral sanctions.

The Iranian Parliament’s Research Center (IPRC) released a new plan on how to deflate the US economic pressures by cutting off dependence on oil revenues as a counter-strategy against the US sanctions on Iranian crude supplies.

If the China-U.S. trade war continues to grow larger. it may cause the global economy to decline. and may cause a global financial crisis.

International currency exchange rates stand on display outside a bureau in the Grand Bazaar in Istanbul.