A key committee of Iran’s parliament has approved a motion to reform the country’s national currency by removing four zeros from the rial and reviving an old currency subdivision known as the qiran, a senior lawmaker said on Sunday.
Iran’s non-oil trade reached more than $34.17 billion in the first four months of the current Iranian calendar year, despite a drop in trade value compared to the same period last year, the country’s customs office said on Wednesday.
The volume of trade between Iran and Turkey exceeded $2.2 billion in the first quarter of the Iranian calendar year (March 21 – June 21, 2025), according to a report by Iran’s Trade Promotion Organization (TPO).
Iran’s agriculture sector grew 3.2% in the Iranian calendar year ending March 2025, driven by a 32% rise in agricultural exports and a $3 billion improvement in the sector’s trade balance, Agriculture Minister Gholamreza Nouri Qezeljeh said.
Iran’s earnings from iron and steel exports fell 4.7% year-on-year in the first quarter of its calendar year, despite a rise in export volumes, data from the Iranian Steel Producers Association (ISPA) showed on Sunday.
Iran’s trade with its 15 neighboring countries totaled $13.42 billion in the spring quarter of its current fiscal year, down 16% in value compared to the same period a year earlier, the Islamic Republic of Iran Customs Administration (IRICA) said on Monday.
Iran’s Minister of Industry, Mine and Trade has reiterated the government’s commitment to supporting small and medium-sized enterprises (SMEs), stating that all industrial loan facilities this year are exclusively designated for them.
Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) has released the country’s new PMI data for the fiscal month of Khordad (May 22 – June 21, 2025) showing a return to contraction after marginal growth in the previous month.
President Masoud Pezeshkian has ordered the ministers of agriculture and interior to begin an urgent overhaul and implementation of a nationwide crop pattern reform plan, aimed at addressing the country’s growing climate and water resource challenges.
The Newly appointed economy minister said his top priority is to strengthen the country’s real private sector and expand public participation in the economy.