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I always wondered why Iran has high inflation,,here is the answer by economists Iran's Financial Tribune magazine). All issues that can easily be solved if there is political will.:crazy:

Economist Seeks to Answer: (KICKER) Is Hyperinflation Imminent?​


When the monthly inflation of Esfand [Feb. 20-March 20] and Farvardin [March 21-Apri 20] was published by the Central Bank of Iran, it was found that this inflation rate, which is 5-6%, alone is equivalent to the annual inflation of about 30 to 40 countri
Economist Seeks to Answer: (KICKER) Is Hyperinflation Imminent?
Economist Seeks to Answer: (KICKER) Is Hyperinflation Imminent?
.....
Is the advent of hyperinflation in Iran's economy close? This is a question frequently asked by economists, experts and even officials these days. Some give a positive answer to these ambiguities, while some other officials and analysts believe there is no sign of hyperinflation in Iran's economy at the moment, Hadi Haqshenas, an economist, prefaced an article for the Persian newspaper Ta’adol with this note. The translation of the full text follows:
I believe that first we should see what the causes of inflation are and then analyze whether Iran's economic conditions make the emergence of hyperinflation probable or not. While it is wrong to completely reject the possibility of the outbreak of hyperinflation, it also cannot be guaranteed or confirmed. Therefore, we need to analyze the economic conditions and the reasons for the emergence of three-digit inflation.

Uncertainty Prevails​

The most important negative feature of Iran's economy in the current situation is uncertainty. To prove this proposition, it is sufficient to take a look at the state of the capital market in recent weeks.
In spite of the fact that the two features of the capital market, namely market size and the P/E ratio [price to earnings] are not comparable to 2020 yet some simple news or routine comments turned the stock market into Black Monday [because of the fall on May 7 and 8]. I mentioned this to illustrate that the situation is such that the comments of two or three officials led to an unprecedented decline in the capital market. The process returned to normalcy after a few days. The question is why did this happen in the stock market?
The answer lies in the uncertain conditions of Iran's economy, where every market faces volatility. The same trend can be expected about the car or housing markets, as well as in monetary indicators.

Shocking Numbers​

When the monthly inflation of Esfand [Feb. 20-March 20] and Farvardin [March 21-Apri 20] was published by the Central Bank of Iran, it was found that this inflation rate, which is 5-6%, alone is equivalent to the annual inflation of about 30 to 40 countries.
In a situation where some countries do not experience 4-5% inflation in a year, Iran's inflation rate amounts to this figure in a month. At the same time, point-to-point inflation in Iran's economy has reached about 70%. Interestingly, since the second half of last year, there has been no new shock to Iran's economy, the most important shock of 1401 [March 2022-23 Iranian year] occurred in May, when subsidized imports were eliminated. Why then, despite the dampening of this shock, inflation is still persistent?
The answer should be sought in the monetary, financial and foreign exchange policies and most importantly in the foreign trade sector. The growth of liquidity and 40% growth of the budget, along with economic uncertainty and lack of prospects, are the root causes of problems related to inflation.

JCPOA or No JCPOA​

No one in Iran can say when the sanctions will end! This is while the government proudly announces that it runs the country without JCPOA [nuclear deal] and despite the sanctions. The important issue in this regard is not JCPOA or no JCPOA; the important thing is that the country's foreign trade and subsequently the monetary exchange need to return to normalcy.
When the government insists on not joining FATF, and on the other hand, the country's resources do not meet the expenses and there are disagreements in different sectors, they all form the capacity to create high inflation. Of course, this high inflation capacity is becoming visible in the form of 6% monthly inflation and 70% point-to-point inflation.
If this trend continues, the capacity to create hyperinflation, which is a three-digit inflation, is not far from expected.
It is expected that policies in the field of diplomacy and JCPOA will yield positive results. There are signs of improvement in relations with Saudi Arabia, Egypt and other regional states.
With these explanations, both the main issue of Iran's economic problem and the solutions are clear. Some of these solutions are political, some are executive and economic.
The political solution is to normalize foreign relations. In the domestic sphere, it is also necessary to reform monetary, financial and budgetary policies and, most importantly, to select efficient managers.
The qualification of managers of economic enterprises is the most important parameter for improving productivity. Therefore, hyperinflation can be prevented if a series of reform policies are implemented. Otherwise, everything is possible!
 

Pakistan to Start Bartering Trade with Iran


Pakistan’s agricultural sector will largely benefit from this. With the export of meat, fruits, vegetables, and rice to these countries, Pakistan will be able to demonstrate the quality and variety of its produce to the international market.

Additionally, Pakistan’s textile industry will gain a competitive edge by exporting textile products. Pakistan will also import other items such as perfumes, cosmetics, surgical instruments, and cutlery to these lucrative markets.

Pakistan can also import other items from Iran such as chemical products, fertilizers, fruits, vegetables, and spices. This will broaden the country’s market access.



Iran calls for boosting agricultural coop. with Uzbekistan


Proposing the formation of a specialized agricultural working group between the two countries, he called for sharing experiences and making efforts to achieve the goals of sustainable development in the agricultural sector.





مچنین حسن کاظمی قمی، نماینده ویژه رئیس جمهوری و رئیس نمایندگی سیاسی ایران در افغانستان، در این باره به تابناک گفت: ترانزیت فقط زمانی انجام می‌شود که ضرورت داشته باشد و از آن‌جایی که فعلا برای انجام این کار احساس نیاز نمی‌شود در اولویت برنامه‌های دولت نیست

وی درباره مولفه‌هایی که انجام ترانزیت را الزام‌آور می‌کند توضیح داد: ترانزیت باید در غالب مسیر تجاری و اقتصادی ایران انجام شود تا در اولویت قرار بگیرد. اما از آن‌جایی که اولویت اول ایران تامین فرآورده‌های نفتی افغانستان است بنابراین این مسئله (ترانزیت گازوئویل) فعلا موضوعیتی ندارد​
 

Iran’s Economy Grew Five Times That of US in 4th Quarter of 2022, World Bank Says​

Iran’s Economy Grew Five Times That of US in 4th Quarter of 2022, World Bank Says

TEHRAN (Tasnim) – The World Bank in its latest report said that Iran’s economy grew five times that of the United States from October to December 2022.​

In a review of the economic growth in the world in the 4th quarter of 2022, the World Bank announced that Iran’s economy stood at 15th rank, registering a 4.7 percent growth.
In a part of its report entitled “World Economic Perspective”, the World Bank has published the statistics related to the economic growth of 72 countries in the 4th quarter of 2022 (from July to September).
The bank put Iran’s economic growth from October to December at 4.7 percent, showing a considerable hike compared to other countries.
According to the report, the Republic of Armenia registered the maximum economic growth in this period.

 

Iran’s Economy Grew Five Times That of US in 4th Quarter of 2022, World Bank Says​

Iran’s Economy Grew Five Times That of US in 4th Quarter of 2022, World Bank Says

TEHRAN (Tasnim) – The World Bank in its latest report said that Iran’s economy grew five times that of the United States from October to December 2022.​

In a review of the economic growth in the world in the 4th quarter of 2022, the World Bank announced that Iran’s economy stood at 15th rank, registering a 4.7 percent growth.
In a part of its report entitled “World Economic Perspective”, the World Bank has published the statistics related to the economic growth of 72 countries in the 4th quarter of 2022 (from July to September).
The bank put Iran’s economic growth from October to December at 4.7 percent, showing a considerable hike compared to other countries.
According to the report, the Republic of Armenia registered the maximum economic growth in this period.

the question is what number the used for dollar to Iran equation.
i live in Iran and i certainly didn't felt this fantastic growth
 
i live in Iran and i certainly didn't felt this fantastic growth
The 4.7% belong to the last three months of 2022..the average growth for all of 2022 was 3.4% ..If they could keep that kind of growth for the first quarter of 2023 then I will celebrate..World bank estimate for all of 2023 is only 2.2% so we will see who is right.

Iran has great scientists, engineers , physicians but the country lacks in Economists and Public Relation/Advertisements..because Iranians do not look at these fields as important..but they are.

Meanwhile Iran economy can benefit greatly if we make this Lithium discovery into actual production..but Mullahs are slow to move on these things...Lithium in the ground make no one rich..time to get China investors to pour money and technology the get it out the ground...Wake the mullahs up please.!!:coffee:

 

Iran discovers largest porphyry copper deposit in region​


Iran has discovered a new copper deposit that is believed to be the largest such reserve in the Middle East and North Africa region.

A Monday report by the IRIB News said that the porphyry copper deposit discovered in Sarcheshmeh region in the southeastern province of Kerman contains some 3 billion metric tons of copper ore with a purity of 42%.
The newly-discovered mineral deposit covers an area of 93,000 meters, said the report, adding that exploration activities have been conducted in some 106 locations in the area.
It said a second phase of exploration would be conducted in 60 locations in an area of 80,000 meters in the same region, adding that the operation could increase the amount of porphyry copper of the deposit to 4 billion mt.
The report said the entire exploration and discovery operation in the region has relied on Iranian experts and technicians.
Porphyry deposits are large, low-grade metal ore bodies that are formed from hydrothermal fluids derived from an underlying magma reservoir.
Iran has large copper reserves in Sarcheshmeh as well as in Sungun in the northwestern Azerbaijan region near the border with Turkey.
Production of copper in Sungun, which is home to Iran’s largest open-cast cooper mine, began last week with the launch of a modern smelter in the region.
Iran has introduced massive plans to expand its mining and metals sector amid US sanctions on its direct oil exports.
Experts say copper reserves could play a major role in Iran’s future economic development plans amid a rising demand for the metal in the international markets.


 
Here are the trade statistics from the Central Bank of Iran as reported just recently by the Tasnim News Agency.
Note that the Iranian history begins on 3/21.
For example, the Iranian history of 1400 years is for the period 2021/03/21-2022/03/20.
The total value of Iran's exports, including oil exports, is not often reported, so this is a valuable source of information.
The recovery trend from 2021 of exports, which crashed under the Rouhani administration, is clear.
Exports, which slumped to $49.8 billion in 2020, reached $98.3 billion in 2022.
It is very easy to see what the obsession with the JCPOA has brought about.

1686822939377.png
 
Here are the trade statistics from the Central Bank of Iran as reported just recently by the Tasnim News Agency.
Note that the Iranian history begins on 3/21.
For example, the Iranian history of 1400 years is for the period 2021/03/21-2022/03/20.
The total value of Iran's exports, including oil exports, is not often reported, so this is a valuable source of information.
The recovery trend from 2021 of exports, which crashed under the Rouhani administration, is clear.
Exports, which slumped to $49.8 billion in 2020, reached $98.3 billion in 2022.
It is very easy to see what the obsession with the JCPOA has brought about.

View attachment 934519
In 2021 Iraq had $81 billion exports ... More than Iran?
 
In 2021 Iraq had $81 billion exports ... More than Iran?
Iraq oil production was close to 4.2 mbpd at 2021 and it's consumption was close to 1 million barrel per day.

Iran oil production was close to 2.5 in that time while consumption was close to 2 mbpd.

For a couple of years our oil and gas exports are close to $50 billion. and non oil and gas exports are more than $50 billion.

Actual exports of Iran should be higher than $100 billion or way higher than it.

what do they say about necessity ?
 
Some good news about Iranian economy...the final calculations on Iranian GDP growth is out and numbers look good. more important the trend from first quarter to 4th quarter shows positive trend..if they can keep this trend for 1402 that means Iranian economy has started to roar!!..lets hope that is the case

Iranian GDP growth (last year) : 4.0%:victory:
(Iranian calendar year 1401)

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full report here:

 

Lavrov: Iran To Join Shanghai Alliance With China, Russia Next Week

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Iran will be formally approved as a member of the regional Shanghai Cooperation Organization with China, Russia and Central Asian countries, Russian Foreign Minister Sergei Lavrov said Friday.
 

Iran’s gas production grows 2.5 times more than global average

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According to the EI report, natural gas production in Iran has been on an upward trend since 2011, and the U.S. sanctions have not been able to stop or reverse the growth of gas production in Iran. Between 2012 and 2022, natural gas production in Iran has grown by an average of 5.2 percent annually, which is more than 2.5 times the global average growth. The world's natural gas production has grown by an average of two percent per year during this period.

 

Iran Floods Global Markets With Cheap Oil as Saudi Arabia Cuts Output

Iranian crude exports have hit a five-year high in recent months as the country ships more oil to China and other buyers

By Benoit Faucon July 6, 2023 4:56 am ET
https://www.wsj.com/articles/iran-floods-global-markets-with-cheap-oil-as-saudi-arabia-cuts-output-e78aeac
The surge in Iran’s oil supply threatens to upend efforts by Saudi Arabia and other major crude producers to prop up prices by cutting output. Oil’s value has fallen by about a fifth since late last year on expectations of a slowing global economy and a glut of cheap Russian cargoes.It also shows how Iran is increasingly circumventing U.S. sanctions as the Biden administration quietly resumes talks with Tehran in a bid towin the release of American prisoners held by the Islamic Republic and curb its growing nuclear program.Iran’s oil shipments amounted to about 1.6 million barrels a day on average in June and May, according to commodity-data providers Kplerand Petro-Logistics, more than double the level of about a year ago and the highest since 2018, when the reimposition of U.S. sanctions caused a slump.While the scale and final destination of Iran’s oil sales are difficult to gauge, given their often covert nature, data from several firms monitoring the global energy trade indicate that China remains its top customer. Beijing directly imported 359,000 barrels a day of Iranian oil in May, up from about 266,000 barrels in the same month last year, according to Kpler. Industry watchers say Iran’s actual sales to China are likely much higher and include oil transshipped through other Asian and Middle Eastern countries.China has long said it doesn’t follow U.S. sanctions on Iran but has rarely disclosed data on oil imports from the Islamic Republic since Washington reimposed sanctions on the country.Among the other top buyers of Iranian crude are Syria and Venezuela,both of which are under American sanctions. Iran is also seeing growing interest for its oil from other buyers in Latin America and Africa, Iranian traders say.Iranian oil officials say the country is offering a discount of about$30 a barrel compared with its Persian Gulf rivals, including Saudi Arabia, allowing it to compete with cheap Russian oil.For China, the supply of crude from Iran and Russia has allowed Beijing to hoard cheap oil as insurance in case the economy kicks in to a higher gear and crude prices rise. Beijing added about 1.77 million barrels a day to its inventories in May, the most since July 2020,according to oil-data-analytics firm Refinitiv Eikon.Iran is a member of the Saudi-led Organization of the Petroleum Exporting Countries but its output quota within the cartel is suspended due to the U.S. sanctions. As it ships more oil, Tehran is undermining Riyadh’s attempts to keep prices higher by limiting production.
Brent crude, the international oil benchmark, has fallen about 20% since OPEC and its Russia-led allies, called OPEC+, first jolted the market in October by slashing output by 2 million barrels a day. In April, some of the group’s largest members, including Saudi Arabia and Russia, cut a further 1.6 million barrels a day.Last month, Saudi Arabia said it would cut 1 million barrels of oil a day from its July output after other OPEC+ members agreed to stick to current production targets until the end of the year. Earlier this week, Riyadh extended that cut to August. Saudi Arabia needs oil above$80 a barrel, by some analysts’ estimates, to fund its expansive economic program.Meanwhile, Iran in May said it had boosted its crude output to more than 3 million barrels a day, up from around 2.5 million barrels before the U.S. withdrew from the Iran nuclear accord in 2018 and reimposed sanctions.Iranian officials say the country, which re-established diplomatic relations with regional rival Saudi Arabia in a deal mediated by China earlier this year, is taking advantage of Riyadh’s output cut by filling that gap and feeding Beijing’s increasing appetite for cheap oil.Iran, for which oil is the biggest source of foreign currency, earned $28 billion from crude sales in the Persian calendar year, which ended in March 2023, almost four times more than in 2021, according to former Iranian central banker Abdol naser Hemmati.The cash is providing Iran a lifeline for its economy, which has been battered by high inflation and a tumbling currency.Iran’s growing oil exports potentially give it more leverage amid the latest attempt at diplomacy between Washington and Tehran. While the Biden administration appears focused on cooling tensions, which have soared this year, it is unlikely to make substantial concessions as the presidential campaign approaches.Besides oil, Iran is also selling other hydrocarbon products. For instance, India and Kenya have been scooping up dozens of cargoes of Iranian asphalt, according to Kpler and Iranian oil traders. India’s Petroleum Ministry and the Kenyan Ministry of Trade didn’t return requests for comment.
 
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