Friday 22nd Mar 2019 

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News: Iran Economy

Iran Fails to Pass FATF Bills Again

Iran Fais to Pass FATF Bills Again

By Hamideh Taati

Iran’s Expediency Council has once again failed to decide what to do about the Financial Action Task Force (FATF) bills about increasing transparency to prevent money laundering and terrorism financing, so yesterday they postponed their decision for another two weeks.

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Iran's Weakening Economy

Iran's Weakening Economy

By Amir Taghati

The Iranian economy has been the weakest over the past few years. It has always experienced major fluctuations – at least since the anti-Monarchical Revolution of 1979. This has been because of factors such as the Iran Iraq war during the eighties and the time international sanctions were in place from 2012 to 2016 before the Joint Comprehensive Plan of Action (JCPoA) was signed.

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Rouhani: Iran in War-Like State

Rouhani: Iran in War-Like State

‌By Sedighe Shahrokhi

Iranian President Hassan Rouhani said that the country was in a “war-like” and begged Iranians to have hope in the regime, during a meeting with officials in the southern province of Hormozgan.

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40 Years of Economic Downfall in Iran

40 Years of Economic Downfall in Iran

By Shahriar Kia

The mullahs in Iran have now celebrated the 40th anniversary of their malign regime, but few ordinary Iranians have anything to rejoice over. There are many problems that have been caused by the Iranian Regime’s corruption and mismanagement, but today, we’re going to look at just one: the economy.

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Iran Regime's Growth Predictions Are Fantasy

Iran Regime's Growth Predictions Are Fantasy

By Amir Taghati

The Iranian regime’s Parliament Research Centre published a report on Thursday, January 24, which advised that the Iranian economy will have a negative rate of growth of -4.5 to -5.5 per cent, depending on which economic scenario might happen.

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Iran: Currency Redenomination Is Not Going to Resolve Economic Crisis

Iran: Currency Redenomination Is Not Going to Resolve Economic Crisis

By Hamideh Taati

Iran is planning to take measures to ease the economic pressure it is under. Last year, the United States withdrew from the 2015 nuclear agreement and re-imposed sanctions that have had a major effect on the country’s economy.

Iran plans to get rid of four zeros from the rial, making the official exchange rate with USD 4.2 instead of the current 42,000. However, to the ordinary person in Iran, this will make no difference because the rial’s value is much less. Only a few days ago the dollar was trading at 120,000 rial on the black market.

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Iran Regime Losing Its Power as Economy Continues Its Decline

Iran Regime Losing Its Power as Economy Continues Its Decline

By Staff Writer

On January 24th, the Majlis, Iran regime’s Parliament, published a report by its Research Center about the economic forecast for the next Iranian year. According to state run Ilna News Agency, the report shows an anticipated negative growth rate of -4.5 to -5.5 percent.

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