Rial

Iran limits cash withdrawals from banks to prevent money laundering, inflation

The Central Bank of Iran (CBI) has imposed a cap on withdrawal of cash from banks amid toughening of rules on money laundering and also efforts to contain inflation.

Macro Economy

Iran parliament approves plan to cut four zeros from currency

Iran’s parliament has passed a bill allowing the government to slash four zeros from the rial.

Macro Economy

Tehran Chamber of Commerce cautions against undesired currency redenomination results

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.

Financial Markets

Toman: Iran government passes bill to slash four zeros from currency

Tehran has been planning since 2008 to redenominate the national currency as it continued devaluation. Now, the government is pushing the plan forward following the drastic loss of the currency value last year after the restoration of economic sanctions on Tehran in 2018.

Financial Markets

Toman instead of rial: Iran to cut four zeros from currency in two years

Tehran has been planning since 2008 to redenominate the national currency as it continued devaluation. Now, the government is pushing the plan forward following the drastic loss of the currency value in 2018 after the restoration of economic sanctions on Tehran in 2018.

Financial Markets

Iran mulls slashing zeros from currency

The idea was floated in 2008 under the previous administration of President Mahmoud Ahmadinejad but didnt move forward. The current situation with recent rial devaluation has spurred authorities to push it forward.

Financial Markets

Featured

Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has appreciated the significant growth of Iranian private sector producers.

Supreme Leader hails growth of Iranian private sector

A senior official with the Ministry of Industry, Mine and Trade (MIMT) says private sector production accounts for some 23% of Iran’s total auto output.

Private sector responsible for 23% of Iran’s auto output

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.

Brought to you by LOTUSCODE.IR

Rial

Iran limits cash withdrawals from banks to prevent money laundering, inflation

Iran parliament approves plan to cut four zeros from currency

Tehran Chamber of Commerce cautions against undesired currency redenomination results

Toman: Iran government passes bill to slash four zeros from currency

Toman instead of rial: Iran to cut four zeros from currency in two years

Iran mulls slashing zeros from currency

“Participation of people in Iranian economy has to be facilitated”

Iran private sector calls for facilitating trade with world countries

Progress only possible through popularizing economy: Vice President

Iran Chamber of Commerce condemns Zionist attack on Iranian diplomatic mission

Iran, Belarus urged to solve transportation issues

Supreme Leader hails growth of Iranian private sector

Private sector responsible for 23% of Iran’s auto output

Iran Chamber of Commerce, Industries, Mines and Agriculture