Iranian economy

Strait of Hormuz more important than nuclear weapons - Iran

The strategic value of the Strait of Hormuz is now more important to Iran than nuclear weapons, a senior Iranian parliamentarian said, while also cautioning against overplaying the country's hand in using the vital waterway.

Pezeshkian and Khamenei discuss Iran's main issues

Iranian Supreme Leader Mojtaba Khamenei held his first in the past three months meeting with President Masoud Pezeshkian to discuss economic and defense issues, the supreme leader’s office said.

US prefers economic pressure on Iran - report

U.S. officials are of the view that pressuring Iran with sanctions would damage the country more than bombs, Axios reported Tuesday, claiming there is a deepening economic crisis inside Iran.

Iran’s foreign trade exceeds $76 bln

Iran’s foreign trade in the first eight months of the current Iranian calendar year has reached 131.054 million tons, valued at $76.537 billion, according to the latest data from Iran's Customs Administration.

Iran's external debt grows by nearly 18%

Iran's external debt has increased by approximately 18% compared to previous year figures, with short-term liabilities constituting the major part.

Iran to denominate rial

The Iranian parliament adopted a resolution yesterday to remove four zeros from the national currency rial.

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