News : Economy

By Edward Carney

Last month, the Islamic Republic of Iran was granted an extension to its deadline for compliance with the anti-money laundering standards laid out by the Paris-based Financial Action Task Force. The expectation of that compliance was expressed in negotiations that led to the 2015 nuclear deal between Iran and six world powers. And more recently, the European signatories of that deal – the United Kingdom, France, and Germany – indicated that FATF compliance would be a prerequisite for full implementation of a plan to circumvent US sanctions, which came back into force last year after President Donald Trump announced withdrawal from the nuclear agreement.

By INU Staff

INU- There has been a shortage of fresh meat in Iran for some time now. One of the reasons behind this is the trafficking of livestock that is happening between Iran and bordering countries. This trafficking is carried out mainly by the Islamic Revolutionary Guard Corps (IRGC) and affiliated entities.

By INU Staff

INU- When U.S. President Donald Trump announced that he was pulling out of the 2015 Iran nuclear deal, he also announced that crippling economic sanctions would be re-imposed. His administration made it very clear that it was doing everything it could to ensure that the malign Iranian regime does not have access to the billions of dollars that it uses to fund terrorism across the region.

By INU Staff

INU- It has been reported that statistics regarding inflation and poverty levels are being intentionally withheld by Iranian officials, who are concerned over repercussions.

By INU Staff

INU- A senior Iranian politician called on Sunday for the military to take over the country’s economic affairs because the management system of the government is “stuck in mud”; a comment that is believed to be an indirect attack on President Hassan Rouhani.
Major General Mohsen Rezaee, the secretary of the influential Expediency Discernment Council (EDC) and former chief commander of the Islamic Revolution Guards Corps (IRGC), said that the Regime must put its economic affairs in the hands of the IRGC and its militant arm, the Basij.

By Siavosh

Public-private, which consists of the beginning of the word private and the end of the public, has become a distinct word in the Persian language. To describe the formerly publicly owned companies in Iran that have been bought out privately, the media and opposition figures invented this word combination to better describe the situation.