Economy minister voted out over handling economy

TEHRAN – Economy Minister Massoud Karbasian failed to secure the parliament’s vote of confidence on Sunday following an impeachment in the wake of skyrocketing prices in the country and devaluation of the local currency.

5 to 20 years prison sentence await economy disruptors: Tehran prosecutor

TEHRAN – Tehran Prosecutor Abbas Jafari Dolatabadi said on Wednesday five to twenty years in prison awaits those who disrupt national economy through profiteering, hoarding and other types of financial corruption.

Cleric: Young and energetic people needed to manage economy

TEHRAN – Ayatollah Mohammad Ali Movahedi Kermani, Tehran’s interim Friday Prayer preacher, has called on the Rouhani administration to handle the economic problems with a unified voice.

VP advises foreign firms to avoid mistake of leaving Iran

TEHRAN – Vice President for Economic Affairs Mohammad Nahavandian has advised foreign companies to avoid the mistake of pulling out of Iran’s market, saying Tehran will shape its cooperation with foreign companies in regard to their current decision.

300 arrested for disrupting gold coin, currency markets

TEHRAN – The police have arrested 300 individuals for their role in disrupting the gold coin and foreign currency markets, Deputy Police Chief Eskandar Momeni said on Sunday. 

Supreme Council for Economic Coordination tasks govt bodies to fight sanctions

TEHRAN – The Supreme Council for Economic Coordination has assigned different duties to governmental bodies to fight the looming U.S. sanctions and stabilize the economy, according to a report by Mehr news agency.

Ayatollah Khamenei calls for boosting ties with countries in the East and West with exception of a few states like the U.S.

Leader: Stable economic roadmap is answer to fluctuations

 TEHRAN – The Leader of the Islamic Revolution on Sunday urged the administration to prepare a “stable economic roadmap” to stop fluctuations in the business market, saying in that situation “people and economic activists will know their duty and will hurry to help the government under a sense of stability and tranquility.”

Parliament assessing impeachment of some ministers: Aref

TEHRAN – Mohammad Reza Aref, chairman of the pro-reform Hope faction in the parliament, said on Wednesday that the parliament is assessing the impeachment of some economic ministers, urging President Rouhani to make changes to his economic team.

122 arrested in Tehran province for disrupting economy

TEHRAN – Secretary of the commission to combat smuggling of goods and foreign currency in Tehran Province said on Saturday that 122 people have been arrested since the start of the Iranian calendar year (starting March 21) for disrupting the commodity market and currency value in Tehran.

Heavy sentences await economy disruptors: Iranian Judiciary

TEHRAN – Mohammad Mosaddegh, the deputy to Iranian prosecutor general, announced on Wednesday that heavy sentences, including death penalty and up to 20 years in prison, await those who seek to disrupt the national economy and agitate the foreign currency market.