$7b to be transferred to Iran: report

TEHRAN — A senior regional official will travel to Tehran on Tuesday with the goal of finalizing a mechanism to release $7 billion of the Iranian frozen assets, Tasnim reported.

NAM capable of neutralizing US sanctions: Rouhani

Iranian President Hassan Rouhani has censured the United States for dominating the international monetary system and misusing dollar, saying the Non-Aligned Movement (NAM) is capable of countering Washington's illegitimate actions and making its sanctions ineffective.

By Haniyeh Sadat Jafariyeh

May Iranian economy resuscitate from doldrums

TEHRAN – Inflation rate (the increase in consumer prices besides those of the producer), as one the main economic indices, has skyrocketed during the past recent year, i.e. as of the US withdrawal from the JCPOA, May 8, 2018. 

Central Banks are ditching the dollar for gold

First-quarter gold purchases by central banks, led by Russia and China, were the highest in six years as countries diversify their assets away from the U.S. dollar.