Category: Iran

Overview. With no positive announcements on the European special purpose vehicle payments mechanism, Iran’s banks have still not overcome international payments problems, meaning difficulties in importing food, medicines and other essentials. The government continues to react to increasing economic hardship by bolstering the Rial, cracking down on ‘economics crimes’ and raising public sector wages.…… Read…

Overview. US sanctions return, increasing the economic pain to ordinary Iranians as food prices rise and foreign medicines become hard to obtain. Iranian banks scramble to reconfigure their international arrangements in the new sanctions landscape. Domestic politics, regional and international relations all become more heated. The International Atomic Energy Agency (IAEA) reported that Iran was…

Overview. August has been dominated by Iran’s economic, social and political woes resulting from the US imposition of sanctions previously suspended under the nuclear deal (JCPOA). Political pressure is increasing on Rouhani’s government as prices rise for ordinary Iranians, official corruption is called out and international companies – particularly Europeans – leave the market.…… Read…