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US Studying Potential Iran Sanction Waivers

EghtesadOnline: The United States is still studying possible waivers of sanctions against countries or businesses that continue commerce with Iran after Nov. 4, US Secretary of State Mike Pompeo said on Friday.
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Publish Date: 16/September/2018 | 05:19

Exports by Iranian Steelmaking Heavyweights See 5% Growth

EghtesadOnline: Major Iranian steelmakers exported a total of 3.10 million tons of semi-finished and finished steel products during the first five months of the current fiscal year (March 21-Aug. 22) to register a 5% growth year-on-year, according to data released by Iranian Mines and Mining Industries Development and Renovation Organization.
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Publish Date: 16/September/2018 | 05:12

De-Dollarization Beneficial to Iran Trade Relations

EghtesadOnline: After Iran, Russia and Turkey, three regional allies hit by US sanctions, discussed a possible replacement of the US dollar by national currencies last week, business figures in Iran are now weighing in on the degree the plan can be implemented with success.
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Publish Date: 16/September/2018 | 05:06

How Dollar Value Changes Affect Iran's Q1 Foreign Trade

EghtesadOnline: The first quarter of the current Iranian year (March 21-June 21) saw exports and imports in dollar terms of “Fishing” sector register the most remarkable changes, the Statistical Center of Iran reported.
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Publish Date: 15/September/2018 | 11:03

Iran Crypto Mining Set to Take Off

EghtesadOnline: Days after a high-ranking official announced that Iran’s government has embraced cryptocurrency mining, another peer has said requirements are in place to develop the industry quickly.
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Publish Date: 15/September/2018 | 05:35

€3.2 Billion for Essential Imports

EghtesadOnline: Central Bank of Iran Governor Abdolnasser Hemmati announced on his Instagram page that €3.2 billion have been allocated for the import of essential goods in the past one month.
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Publish Date: 15/September/2018 | 05:30

Europeans Exploring Payment System With Iran

EghtesadOnline: Germany and its European partners are considering setting up a payment system with Iran, which allows the continuation of business transactions with the Islamic Republic once US sanctions kick in, an economy ministry spokeswoman said on Friday.
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Publish Date: 15/September/2018 | 05:24

Iran's Top 10 Imports - Mar-Aug, 2018

EghtesadOnline: Iran imported 13.96 million tons worth $18.89 billion during the first five months of the current fiscal year (March 21-Aug. 22), down 5.82% in weight and 9.66% in value over last year’s similar period, the Islamic Republic of Iran Customs Administration announced.
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Publish Date: 12/September/2018 | 08:12

Iranian Steel Traders Welcome Free Market Dynamics

EghtesadOnline: The competitive ceiling for steel prices on the Iranian Mercantile Exchange is to be removed, according to a letter written by Deputy Industries Minister Jafar Sarqeini wrote to Hamed Soltaninejad, chief executive of IME.
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Publish Date: 12/September/2018 | 05:55

Industrial Exports Down 7% in Q1 2018-19

EghtesadOnline: Exports of Iran’s industrial sector, excluding crude oil, hit 26.74 million tons worth $17.91 billion during the first three months of the current Iranian year (March 21-June 21).
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Publish Date: 11/September/2018 | 06:40

Iran Budget Deficit Widens to $2.9b

EghtesadOnline: Iran’s budget deficit came in bigger than expected, as usual, in the first four months of the current fiscal year (March 21-July 22) to reach 312.5 trillion rials ($2.93 billion), the latest data released by the Central Bank of Iran on Monday show.
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Publish Date: 11/September/2018 | 06:35

Liquidity Surpasses $150b

EghtesadOnline: The total volume of liquidity in Iran reached 16.02 quadrillion rials ($150.43 at market exchange rate) by the end of the fourth month of the current fiscal year on July 22, the latest report by the Central Bank of Iran shows.
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Publish Date: 11/September/2018 | 06:31

Iran: Optimism Over AML Legislation Before FATF Deadline

EghtesadOnline: Despite the opposition of some factions about the country falling in line with standards set by the Financial Action Task Force, optimism abounds among moderate lawmakers and pundits that the willingness of top officials to approve the measures would serve the Islamic Republic's interest.
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Publish Date: 11/September/2018 | 06:27

Iran Planning to Join Enterprise Europe Network

EghteadOnline: Plans are underway to create an Iranian consortium to join the Enterprise Europe Network with the aim of connecting Iranian small- and medium-sized enterprises with their counterparts in Europe and promoting these enterprises on an international scale.
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Publish Date: 11/September/2018 | 06:16

Iran to Hand Over Chabahar Port Operations to India in a Month

EghtesadOnline: Iran will hand over the strategic Chabahar Port to an Indian company within a month for operation as per an interim pact, Iranian Minister of Roads and Urban Development Abbas Akhoundi said on Thursday.
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Publish Date: 10/September/2018 | 10:42

A Critical Overview of Economic Mechanisms

EghtesadOnline: Iran’s economy is on the brink of experiencing a crisis, if not already. What got us here? Farhad Nili, the representative of the Central Bank of Iran to the World Bank, believes that four main mechanisms, namely massive imbalances, people’s overexpectations, external pressures and the system of governance, have led the economy to its present state.
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Publish Date: 10/September/2018 | 10:24

Iran Banking Reform Bills in MPs’ Crosshairs

EghtesadOnline: Members of the Iranian Parliament’s economic commission on Saturday continued reviewing articles of long-awaited reform bills targeting the country’s ailing banking system in addition to its central bank.
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Publish Date: 10/September/2018 | 05:36

FATF Back on Iran Parliament's Agenda

EghtesadOnline: As Iran's October deadline to complete the Action Plan set forth by the Financial Action Task Force draws near, lawmakers are renewing efforts to pass the related bills sent by the government months ago.
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Publish Date: 10/September/2018 | 05:23