News : Economy

Iran Currency Hits New Lows Amid Uncertainty of Nuclear Deal

By INU Staff

INU - With the uncertainty surrounding the future of the 2015 Iran nuclear deal, the Iranian rial has hit a record low. Iranians, concerned about what will happen if the United States exits the deal, are hoarding, even despite the crackdown that is being placed on foreign exchange dealers.

US Dollar Continues Its Record Rise Against the Rial

By INU Staff

INU - Iranians are angry at President Hassan Rouhani over the record fall of the Iranian currency. While the president has repeatedly dismissed the rise of the dollar against the rial as insignificant and transient, on March 28th the rial hit a new low of 52,000 to the US dollar. Just one year ago, the rial was around 38,000 to the dollar.

Iran Oil Exports Fall Amid Sanctions Uncertainty

By INU Staff

INU - Iran’s exports of crude and condensate oil are set to fall to a two-year low this month as purchases from its main Asian buyers will drop a massive one-fifth from last month, according to a source with inside knowledge of Iran’s tanker loading schedule.

Iranians’ Trust of the Regime Crumbles under the Weight of Economic Issues

By INU Staff

INU - The dire economic conditions in Iran has made the struggle to provide for their families difficult for many ordinary Iranians. Both prices and unemployment continue to rise. While the regime promised economic benefits would follow the lifting of various sanctions via the 2015 nuclear agreement, they have not materialized.

Irgc’s Role in Iran’s Economy

By INU Staff

INU - General Abdollah Abdollahi, who commands Khatam al-Anbia Construction Headquarters, a conglomerate of the Islamic Revolution Guards Corps (IRGC), has dismissed the latest criticism of the organization’s increasing role in the Iranian economy and claims that IRGC companies are undermining the private sector.

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