Iran's Economy Improving Gradually

Leaving behind months of rainy days, Iran’s economy is showing signs of improvement in major variables, governor of the Central Bank of Iran said on Monday.

Financial Tribune- Speaking on prime time state TV, Abdolnasser Hemmati spoke of relative improvement in macroeconomic indices like inflation, forex rates and liquidity in recent months, following instability and turmoil in almost all domestic markets last year.
“The national currency regained 40% of its value,” Hemmati said.
The rial fell more than 60% in unprecedented market fluctuations during April-September 2018, spurred by threats of new US economic sanctions and dim prospects for currency reserves as oil revenues took a drubbing unseen in recent decades.

Publish Date: Aug 21, 2019