Iran’s government has proposed adjusting the subsidized exchange rate based on inflation for the upcoming fiscal year, a move aimed at aligning currency policy with economic realities, a senior lawmaker said.
Iranian officials have downplayed a predawn attack by the Zionist regime on military targets in Tehran and other Iranian cities as ‘restricted’, which has caused the country’s financial markets to gain after weeks of fears about a Zionist response to Iran’s major missile attack on the Israeli-occupied territories.
Iranian President Masoud Pezeshkian presented a budget of $98.5 billion for the country’s next fiscal year to the Parliament on Tuesday.
Samad Hassanzadeh, president of Iran’s Chamber of Commerce, has warned that the country’s industrial sector faces a continued contraction, as reflected in Iran’s PMI report, raising concerns about further capital flight if the trend persists.
Iran has reported a slight fall in its unemployment rate in the quarter to late September as services, manufacturing and agriculture sectors keep performing well in the Iranian labor market.
Iran’s gross domestic product (GDP) grew by 4.6% in the first quarter of the Iranian calendar year (March 21 – June 21), according to a recent report by the Statistical Center of Iran (SCI).
Different financial markets in Iran improved on Sunday after they witnessed a slight fall on the opening day of the Iranian week on Saturday.
Iran’s gross domestic product (GDP) including oil grew 3.2 percent in the first quarter of the current Iranian calendar year (March 20-June 21), compared to last year’s corresponding period, according to a report by the Central Bank of Iran (CBI).
Iranian President Masoud Pezeshkian says his government will work with international partners to resolve disputes surrounding the Financial Action Task Force (FATF) and the Joint Comprehensive Plan of Action (JCPOA) to improve Iran’s foreign relations and achieve long-term goals.
Figures released by the Iranian National Tax Administration (INTA) show that the country earned more than $6.88 billion in tax revenues in the five months to August 21.