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Domestic Economy

Annual inflation hits 44.6% by late January

Iran’s annual inflation rate rose to 44.6 percent in the 12 months ending in late January, the Statistical Center of Iran (SCI) said.

Macro Economy

Iran’s monthly GDP grows 2.3%

According to calculations by the Parliament Research Center, the growth of the gross domestic product (GDP) at constant prices in Aban 1404 (October-November 2025) compared to the same month last year is estimated at 2.3 percent, and non-oil economic growth is estimated at 2.7 percent.

Macro Economy

Iran to keep subsidized FX for medicine as it weighs currency reform

Iran will continue allocating a subsidized exchange rate for medicines and has yet to take any new decision on the sector as it considers moves toward a single exchange rate, Economy Minister Ali Madanizadeh said on Monday.

Iran Economy

Business leader warns against hasty single exchange rate without safeguards for poor

A senior Iranian business leader has endorsed the government’s push to unify the country’s complex multi-tiered currency system but warned the move must be carefully calibrated and preceded by substantial, targeted support for low-income citizens.

Iran Chamber

Iran appoints Hemmati as new central bank governor

President Masoud Pezeshkian has appointed Abdolnasser Hemmati as governor of the Central Bank of Iran, replacing Mohammadreza Farzin.

Iran Economy

Iran submits new budget bill to parliament, cuts oil reliance

President Masoud Pezeshkian submitted the government’s budget bill for the next fiscal year to parliament on Tuesday, a proposal some lawmakers have described as the most contractionary in the country’s history, aimed at curbing inflation and moving toward a zero budget deficit within two years.

Iran Economy

Iran Chamber chief warns of heavy tax pressures ahead of budget

The president of Iran Chamber of Commerce on Monday called on the government to take urgent steps to prevent an “alarming” rise in the tax burden on businesses before the draft budget for the next financial year is submitted to parliament.

Iran Chamber

Iran’s economy expands slightly in first half of calendar year

The Iranian economy expanded slightly in the first half of the calendar year that began in late March 2025, according to figures from the Statistical Center of Iran (SCI).

Macro Economy

Iran says tax-to-GDP ratio hit seven-year high in last fiscal year

Iran’s top tax official said on Tuesday the country’s tax-to-GDP ratio rose to its highest level in seven years in the last fiscal year, signaling a stronger role for taxation in the economy.

Macro Economy

Guardian Council approves plan to remove four zeros from Iran’s currency

The Guardian Council has approved a long-debated plan to remove four zeros from Iran’s national currency, Hadi Tahan Nazif, the Council’s spokesperson, says.

Financial Markets

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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