Wednesday 18th Jul 2018 

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Iran: The Suicide of Bankrupt Creditors of Regime's Financial Institutes

The Suicide-financial institutions of Lorestan Province

By Staff Writer

A member of the regime’s parliament has reported the “suicide” of a number of creditors who fell victim to the financial institutions of Lorestan Province (in Iran’s west) and has called for action from the Central Bank. However, many consider the Central Bank itself the root of the problem, as it is the source of approval for such financial institutions in the first place.

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Iran: The Currency Shock

Iran-currency

By Staff Writer

In less than two months, Iran’s currency has significantly plummeted twice. Such sudden increase in price cannot be logically justified in economic terms; the change has been so drastic that the market has been faced with severe inflations.

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Tehran Municipality’s Budget Spent Over Promoting Regime’s Propaganda

Tehran municipality’s budget spent over promoting regime’s propaganda

By Staff Writer

The details of Tehran municipality’s 2018 budget show that at least $10 million of the municipality’s annual budget has been allocated to religious entities and Basij repressive paramilitary force.

Around four million 76 thousand dollars of the amount has been put aside for municipality’s Basij, an organization tasked with promoting the Revolutionary Guards objectives.

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Iran: Tears of Domestic Producers

A garment manufacturer in Iran

By Staff Writer

A garment manufacturer, referring to the historic trend in Iran, stated that Iranians have only used Iranian products in past years and there were no signs of imported goods or clothes being smuggled into the country, and added, what has happened in this country that has brought Iranian producers to their knees?

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Iran: Paper Imports Destroying the Commodity's Domestic Production

By Mahmoud Hakamian

Iran’s domestic paper production has come to a standstill, state-run Mehr news agency quotes head of Paper and Cardboard Syndicate as saying.

The main reason for this, according to Abolfasl Roghani, is lack of support for domestic paper manufacturers and paper import by the government and its associated entities like the Ministries of Education and Islamic Guidance, as they’re unwilling to buy domestic papers and prefer imported ones instead.

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Iran's Strange Economic Decision

NCRI Staff

NCRI - Earlier this month, the leaders of Iran made the announcement that the country’s official assets will no longer be denominated in US dollars, they will now be listed in euros. The news is baffling and has been seen as the Iranian regime taking a petty move against the United States.

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