The second phase of connecting Iran’s Shetab banking system and Russia’s Mir payment network was unveiled in a ceremony attended by senior central bank officials from both countries.
The Governor of the Central Bank of Iran stated that the removal of four zeros from the national currency is among the Central Bank’s priorities for this year.
Iran and Uzbekistan have pledged to boost bilateral trade to $1 billion, with senior officials from both countries calling for cancellation of visa requirements and enhanced investment ties during a high-level business forum.
President Masoud Pezeshkian’s government prioritized strengthening fiscal sustainability through increased tax mobilization, with new data revealing that 70% of the state’s current expenditure was funded by tax revenues last year (began on March 20, 2024).
Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has released the country’s new PMI data for the fiscal month of Farvardin (March 21 – April 20, 2025) posting a fifth drop in a row.
5 May 2025