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Iran Economy

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Shift in multi-tier forex rate to improve economy

Iran's preferential exchange rate policy introduced in 2017 was meant to provide cheap dollars for essential goods, but it led to rent-seeking and inflation.

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ECONOMY

Iran annual inflation up 1.7% to 45.8% in March: SCI

Consumer prices rose by 45.8% in Iran in the year to late March, according to government figures.

tehran bazar

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May Day discontent in Europe

May Day protests turn violent as hundreds of thousands of people marched in cities around France to vent their anger against President Emmanuel Macron and his Pension Reform

French Pension Protest turns violent

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