The Islamic Republic's chief banker says strict measures recently introduced on the banking system are aimed at curbing capital flight, claiming they follow international norms. Mohammad-Reza Farzin, the governor
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Central Bank of Iran – Involved In
Iran’s New Restriction On Supply Of US Dollars Creates Chaos In Market
Chaos has ensued in Iran’s financial and currency markets as the government tries to restrict the sale of cash US dollars. The Central Bank of Iran (CBI) issued a ...
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Medicine Shortages, Rising Prices In Coming Months, Iran Lawmaker Says
Medicine shortages and rising prices have already been grave in Iran but now officials say the situation will aggravate in the coming months. Masoud Pezeshkian, the representative of Tabriz ...
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Printing More Money, Iran May Face Hyperinflation In Coming Months
Iran hit a new record in annual inflation in the calendar year which ended on March 20, but pundits say the country will go into hyperinflation this year. Hyperinflation ...
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Iran Economy In ‘Miserable State’
The Iranian rial has witnessed a 94% decline in the last decade as the economy plunges further into darkness, according to recent reports. In research by The Economist, it ...
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Iran’s Currency Falls to Record Low as Sanctions to Continue
Iran's troubled currency broke below the psychologically key level of 500,000 rial per U.S. dollar on Monday, as market participants saw no end in sight to sanctions.
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