TEHRAN, May 25 (MNA) – In line with improving monetary transparency, instructions for offering oil at Iran Energy Exchange (IRENEX) have been prepared, Iranian Oil minister Bijan Zanganeh announced on Saturday.

“Regarding that offering oil and condensates at IRENEX are included in this years’ regulations, explicit instructions for the issue have been prepared by the oil ministry,” Zanganeh said.

“The"...

I ran traded 1,188 tons of non-oil commodities worth $6.65 million with Zimbabwe in the last fiscal year that ended March 20, 2019, to register a 41.53% and 1.97% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.

Iran’s exports to Zimbabwe stood at 317 tons worth $221,700, down 74.38% and 68.28% in tonnage and value respectively year-on-year.

I n the fiscal month to May 22, almost €2.16 billion in foreign currency was sold via the Integrated Forex Deals System, locally known as Nima, IRNA reported. In the same period currency rates in Nima also soared.

Nima is a secondary market developed by the Central Bank of Iran to be used as a venue where companies sell their export earnings at rates lower than the open market. The currencies sold on Nima will help fund imports.

Each"...

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) has increased 36,509 points or 20.4 percent to 215,169 during the first two months of current Iranian calendar year (March 21-June 21), IRIB reported.

As reported, some 177.832 billion securities worth 464.425 trillion rials (about $11.057 billion) were traded through 11.728 million deals at TSE.

Based on the already"...

TEHRAN- Central Bank of Iran (CBI)’s governor dismissed the news that the domestic Forex Management Integrated System (locally known as NIMA) would stop activity, IRIB reported.

Abdolnaser Hemmati stressed that NIMA is a pivot of the foreign currency exchange and trade related activities in the country and it will not be omitted from the forex market at all.

While this"...

The current Iranian calendar year of 1398 is named as the year of 'Pickup in Production' by Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei.

The realization of this motto toward Iran’s self-reliance is in fact the only way to tackle the U.S. cruel sanctions on Iran’s economy.

To this end, Iranian government has put supporting domestic producers"...