by Asharq Al-Awsat | Jan 13, 2014 | Business
London, Asharq Al-Awsat—An Iranian central bank official says that Iran has once again delayed plans to revalue the Iranian riyal by eliminating some zeros from the country’s currency, although the option remains on the table. “The issue will be included in the...
by Asharq Al-Awsat | Oct 8, 2013 | Business
London, Asharq Al-Alwsat—Iran’s turbulent currency market has reacted cautiously but positively to Iranian president Hassan Rouhani’s recent visit to New York and his telephone conversation with his American counterpart, US president Barack Obama. Domestic media...
by Asharq Al-Awsat | Aug 27, 2013 | Business
London, Asharq Al-Awsat—Iran’s finance minister blamed the housing policies of the previous administration for Iran’s runaway inflation and serious budget problems in his first official statement on Sunday. Ali Tayebnia, the Iranian Minister of Economy and Finance,...
by Asharq Al-Awsat | Jul 9, 2013 | Business
London, Asharq Al-Awsat—Attempts by the Iranian government to reverse the collapsing value of the Iranian rial have led to serious impacts on the national healthcare system, leaving many Iranians struggling to pay for medicines in the wake of reforms to Iran’s subsidy...
by Asharq Al-Awsat | Jul 1, 2013 | Middle East
London, Asharq Al-Awsat—The Iranian rial has experienced a surge in value against foreign currencies in the wake of the election of Hassan Rouhani, while economists have criticized outgoing president Ahmadinejad’s final budget. Prior to the presidential election, held...
