The Iranian national currency is declining in value rapidly against the US dollar, with $1 worth 21,700 tomans on the Iranian market at the time of writing, compared with 18,800 tomans on June 19.
Almost every stock market in the world has seen a heavy plunge in recent weeks due to the coronavirus pandemic, but somehow the Iranian stock market is bucking the trend, having seen positive growth since the coronavirus peak in March.
Iran’s central bank governor has announced that two commercial banks owned by a paramilitary organisation will merge with a state-owned lender.
The Governor of the Central Bank of Iran (CBI) announced on Monday that two banks owned by the country’s armed forces will be merged into Sepah Bank in the next ten days.
Female political prisoners in Iran go through vicious tortures and interrogations. Following are the cases of Saba Hamadi and Fahimeh Esmaili Badvi. This is but a small part of the atrocities done to female political prisoners in Iran.
A former Iranian official involved in a 1995 suicide bombing in Israel that killed an American student and the 1994 AMIA Jewish center in Buenos Aires is among the targets of US financial sanctions and visa restrictions.
Iranian President Hassan Rouhani’s administration is claiming that it is taking important steps to improve the nation’s economy, including by using redenomination, which involves altering the face value of the nation’s currency.
Prompted by US pressure and deteriorating economic conditions, as well as by the Iranian currency’s loss of its purchasing power, the Iranian parliament has approved a bill to redenominate the country’s national currency
The Iranian parliament has passed a bill to change the national currency from Rials to Tomans, which would remove four zeros from the national currency, as part of its recent economic reforms in order to make the economy look more stable.
The catastrophic spread of the coronavirus in Iran and the severe shortage of medicine and medical equipment to combat the spread of the disease, as well as the inability of the government to meet this need of both the medical staff and the people of Iran, have attracted attention to the operation of the regime’s Ministry of Health.
A Luxembourg court has blocked a long-running US request to transfer $1.6 billion of dollars in Iranian assets to victims of the September 11 attacks, an official statement said on Monday.