The Central Bank of Iran (CBI) has confirmed reports it has restricted the access of foreign nationals living in the country to various banking services.
New data released by the Statistical Center of Iran confirms inflation has reached an unprecedented level.
A new report released by World Bank expects Iran’s economy to grow 3.7% in 2022.
Figures by the Statistical Center of Iran (SCI) show that the country’s unemployment rate dropped slightly in the year to March 20.
The Iranian government has approved major price hikes for four essential food items as part of a plan to liberalize prices by removing subsidies given to importers and suppliers and redirecting them to the households.
The Iranian government has granted around $1.5 billion worth of cash subsidies to more than 23.6 million households in the country as part of efforts to cushion shocks that could be caused by price hikes in consumer goods.
In the latest ranking of the world’s largest economies by the International Monetary Fund (IMF), Iran is ranked 20th and stands higher than many European countries such as Poland, the Netherlands, Argentina, Switzerland, Belgium, and Austria.
Iranian First Vice President Mohammad Mokhber reassured the people that the government subsidies for bread and medicine will not be removed.
Iranian agriculture ministry (MAJ) plans to ramp up imports of cooking oil into the country to prevent any shortages that could be caused by the military conflict between Russia and Ukraine.
Iran’s total foreign debt up to the end of the Iranian calendar month of Bahman (February 19) stood at $8.88 billion, according to a Monday report by the country’s central bank.