Iran’s Export To Turkey Sharply Drops

ICBPS- Iran’s export to Turkey has sharply dropped in the first nine months of 2020. Turkey Statistical Institute (TURKSTAT) reported on Saturday the nation’s total imports from the Islamic Republic of Iran amounted to $782 million in the first nine months of this year.

Iran’s Oil Revenue Slumped More Than Half

ICBPS- Iran’s oil revenue slumped by more than half in the last Iranian calendar year as the chairman of the Iran-China Chamber of Commerce, Majid Reza Hariri, stated that Iran’s oil revenue this year is “at best $5 billion.”

Iran’s Trade With India, Japan, S.Korea And Turkey Sharply Drops

ICBPS- New Data released indicates that Iran’s import from its major trading partners has significantly declined as well as the countries’ exports to Iran.

New statistics from Iran’s main trading partners show a significant drop in Iran’s exports to these countries, and in general, their exports to Iran have also decreased.

In September, new figures from the Indian Ministry of Finance show a 23-fold drop in the Indian subcontinent’s imports from Iran in the first seven months of 2020.

Iran’s Rial Hits New Low Against Dollar As Economy Reels

(Reuters) – The Iranian rial fell to a new low against the U.S. dollar on Saturday as the economy reels under pressure from the COVID-19 pandemic and U.S. sanctions.

The dollar was selling for as much as 304,300 rials on the unofficial market, up from 295,940 on Friday, according to the foreign exchange site

Iranian Rial Again Hits Record Low Amid Tensions With U.S.

ICBPS- Iranian Rial Value fell to a record against the U.S. dollar again as the tensions have spiked with Washington.

The Iranian Rial plummeted Sunday against the U.S. dollar to the nation’s lowest value ever.

Iranian national currency Rial lost more value again a day after the White House announced all the U.N. sanctions on Tehran had been reimposed.

Iran’s Trade Value With Turkey Drops 67%

ICBPS- Iran’s trade value with Turkey has dropped by 67 percent in the first seven months of 2020. The value of trade between Tehran and Ankara fell 67 percent, compared to last year’s same period.

Tehran Chamber of Commerce Industries Mines and Agriculture (TCCIMA) put Iran-Turkey seven-months trade as $4.2 billion as the value has dropped 67 percent. 

Iran Administrative Corruption: Municipal Director Arrested

ICBPS- The Islamic Judiciary office in Mazandaran announced that it issued an arrest warrant for a former municipal administrator and arrested him over Iran Administrative Corruption.

In a statement, the Islamic judicial system expressed that it issued an arrest warrant for Abdolhamid Farzaneh, the former supervisor in Sari municipality, and a broker in connection with top officials.

They were arrested for alleged charges of “embezzlement,” “bribery,” “damage or destruction of state property,” according to the judiciary.

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