Middle East
Iran’s inflation rate hits 17.2%
Iran to use all tools to stop currency slide
Iran's central bank announced a raft of measures to prop up the rial currency on Wednesday after a rush for dollars forced a devaluation. The measures, including raising domestic interest rates, come after the bank said earlier this week it was injecting billions of dollars into the market to stabilise the currency.
Iran food prices up 25 pct, twice inflation
Food prices in Iran have risen almost 25 percent in one year, official figures released on Sunday showed, twice the overall official rate of inflation. Figures from the Central Bank of Iran, carried in Iranian newspapers, showed the bank's food basket cost 24.46 percent more in the first month of the Iranian year, starting March 21, than in the same month a year ago.
Growing Anger over Rising Energy Prices
The Economy, Anyone?
MP Hamidreza Katouzian, head of energy committee, has released a statement that, without proper investment, Iran will become the largest importer of oil and related products. He also said that subsidy cuts were generally positive, but that the lack of refunds will put Iranian industry in dire condition.