The Iranian customs office IRICA says exports declined by nearly a fourth in the seven months ending late October as closures meant to curb the spread of the coronavirus pandemic hit the country’s non-oil trade.
The Iranian rial has risen more than seven percent against the US dollar as investors keep betting on the result of the Tuesday presidential elections in the United States.
Iran’s National Coronavirus Taskforce shut down non-essential businesses in 43 counties with extremely high Covid-19 transmission rates for one week to slow the spread of a third wave of infections.
The administration of US President Donald Trump has imposed a fresh round of sanctions on a number of Iranian individuals and entities affiliated with the Islamic Republic’s oil sector, including Minister of Oil Bijan Zangeneh.
An Indian newspaper says the United States has offered fresh assurances to India that its involvement in the Iranian port of Chabahar would not be affected by Washington’s sanctions on Iran.
The Iranian government has amended its regulations on cryptocuurencies to allow them be exclusively used for funding imports at a time of increased pressure on the country’s normal use of hard currencies.
Iran’s national flag carrier Iran Air says it has resumed scheduled flights to five European countries which had been suspended over the past seven months due to the spread of the deadly coronavirus pandemic.
Iran Chamber of Commerce, Industries, Mines and Agriculture has opened a trade center in Damascus with the aim of boosting exports to Syria.
Iran’s national flag carrier, Iran Air, will resume roundtrip Tehran-Cologne flights from October 30 after a seven-month halt that was caused by the spread of the coronavirus pandemic in Iran and the European country.
Iran has exported 99,000 metric tons of home appliances worth of over $139 million in the first five months of the current calendar year.