Covering Iranian economy,
business and current affairs.

Blog Monthly Archive

VBMBlog provides regular coverage of news, analyses, reports, etc. on Iran´s economy, business, sanctions and current affairs. Check out our blog and participate in our discussions.

Trade Recession Continues in Iran

Feb. , 2016 Recession continued in Iran’s non-oil trade in the 11-month period to Feb. 19, latest reports released by the Customs Administration show. Although the trade balance was positive, the volume of trade was lower than the same period last year, making authorities concerned. During the review period, Iran exported $38.97 billion and imported $37.27 billion of goods. Read more

Iran's Inflation Rates for the Month of Bahman 1394 (February 2016)

Feb. , 2016 The Central Bank of Iran announced that the average inflation rate in the urban area for the 12-month period to the eleventh Iranian calendar month of Bahman (ended on Feb. 20) hit 12.6 percent. The month-over-month (M-o-M) inflation rate increased by 0.2%. Read more

Iranian Monetary Authorities Agree to Decrease Interest Rates

Feb. , 2016 As inflation has been curbed from over 40 percent to about 12 percent, the monetary authorities are moving now to help reduce the interest rates further in a move to boost the manufacturing sector. Earlier in the year the Central Bank reduced the interest rates by two percentage point, but banks and credit institutions refused to respect the decision. Read more

Iran's Min Wage in Coming Year 1395 (March 2016 - March 2017)

Feb. , 2016 Official reports show that the average expenditure of a household in urban areas exceeds 30 million rials each month. This is the fact while the minimum wage is set to be increased 10 percent in the next year’s budget law, reaching 7.83 million rials per month. The increase is even lower than inflation, which hovers around 13 percent. Read more