US-dollar

Why Iran moved to Unify Dual Exchange Rates

In an abrupt move, Iran moved to unify its dual exchange rates — one official and the other the free market rate — on April 11 to prevent further depreciation of the rial, re-establish the currency’s stability and empower banks. Why at that time, and how successful will the move be? The short answer seems […]

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Iran, Azerbaijan Inaugurate Joint Car Plant, Railway Project

Iran and Azerbaijan have launched a joint car plant and a railroad connecting Iran’s northern city of Astara to its namesake in the Azerbaijan Republic. The inauguration ceremony of the plant and the Astara-Astara railroad was held in Azerbaijan with Iranian President Hassan Rouhani and his Azeri counterpart, Ilham Aliyev, in attendance. The joint car […]

Made in Iran silver badge and icon with central glossy Iranian flag symbol and stars. Vector EPS10 illustration isolated on white background.

Are Iranians ready to ‘Buy Iranian’?

In keeping with the tradition of declaring an annual motto at the beginning of each Iranian year, Supreme Leader Ayatollah Ali Khamenei has named the current year that began March 21 “Support for Iranian Products.” Many observers say the motto is a continuation of last year’s, “Economy of Resistance: Action and Deeds,” and is a clear sign that Iran is continuing […]