The idea of removing zeros from the rial has been floated several times in Iran over the past years. This may come true during the two years remaining in President Hassan Ruhani’s tenure. His government drafted a bill to this effect and sent it to the Parliament on Wednesday to be debated.
After Iraq, Iran is setting eyes on reconstructing Afghanistan’s war-ravaged infrastructure. Iran’s shuttle diplomacy is active now. Iranian and Afghani delegations are meeting quite regularly to coordinate efforts.
In a letter to President Hassan Rouhani, private sector representatives have called on government to give more authority to the Export Guarantee Fund of Iran with regard to issuing export guarantees, according to the EGFI chief.
The governor of the Central Bank of Iran (CBI) has said that the Europeans should show their sincerity about their Instrument in Support of Trade Exchanges (INSTEX) by ordering Iran’s crude.
Iran and Ghana are trying to increase their commercial exchanges as they eye closer bilateral ties. If commercial volume goes up, political relations will further be cemented. Now, Iran is set to have a permanent exhibition of its products in Accra, the capital of Ghana.
The railways can give Afghanistan great access to the high sea, Central Asia, Turkey and other countries. However, it needs funding from Kabul to be completed first.
Iran and Bangladesh are keen on increasing their bilateral trade volume, focusing on joint ventures and Iranian petrochemical exports to the Asian country.
Agro-industrial exports, petrochemical, mines and tourism sectors are the main priorities of the Nicaraguan economy that need Iranian investment, according to the country’s Finance and Public Credit Minister Iván Acosta, who led a business delegation to Iran last week.
An independent campaign has been launched in Iran in order to attract international aid in cryptocurrency for flood victims in the face of US sanctions which have choked off foreign funds.
A business delegation from Nicaragua, led by Economy Minister Iván Adolfo Acosta Montalván, visited Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) to hold talks with authorities of Iran private sector parliament.