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Business
Jan 4-8, 1999 / Dey 14-18, 1377

News | Sports | Arts | Rights | Community

Today

* Iran Khodro introduces new car

Previous

* Oil consolidates gains as stock glut eases
* Iran's share of world trade
* Government under pressure to deepen reform
* Iranian writer seeks asylum in Norway
* Foruhar's children demand international probe
* Russia tightens export controls
* Iran official says euro to ease dollar domination
* Turkmenistan to export electricity through Iran
* Egyptian trade fair to be held in Iran
* Majlis committee Oks bill on car imports

News | Sports | Arts | Rights | Community


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Iranian Trade Association


$ Rate

Updated January 8, 1999

* To send money to Iran, the rate is 698-713 tomans per dollar, depending on how much you wish to send.

* To send money out of Iran, the rate is 715 tomans per dollar.

Source: Sehaty Foreign Exchange. Preferntial rates for readers of The Iranian Times. Call in U.S.: 602-595-0777 OR 500-288-8881, Fax: 602-595-0222. Address: PO Box 3230, Carefree, AZ 85377, USA. Mention this code: BAJ 07


Friday,
January 8, 1999

* Iran Khodro introduces new car

Tehran, (Hamshahri) - Iran Khodro, which is producing a record number of cars (111,000 last year), has started producing new models with a Peugeot frame and a Paykan engine. Price: 4.5 million tomans ... FULL TEXT IN PERSIAN

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Thursday
January 7, 1999

* Oil consolidates gains as stock glut eases

LONDON, Jan 7 (Reuters) - Oil prices, battered through most of last year, on Thursday consolidated gains sparked by a recent fall in crude stocks in the United States. But industry analysts warned that it was too early to speak confidently of a recovery and that fundamentals might well preclude any significant short-term recovery. International benchmark Brent crude closed five cents higher at $11.51 a barrel after a choppy day's trade reflecting market jitters over whether the price strength is here to stay ... FULL TEXT

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* Iran's share of world trade

tehran, jan. 7, irna -- deputy head of the planning and information dissemination department at commerce ministry mohammad nahavandian said iran with a population of 60 million has only 0.34 percent share in the world trade, said nahavandian, adding that the figure was more than one percent over the past few decades ... FULL TEXT

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Wednesday
January 6, 1999

* Iran state body blocks liberal law on trade zones

TEHRAN, Jan 6 (Reuters) - A top Iranian state body on Wednesday blocked new legislation which would have provided investment guarantees to woo foreign funds to Iran's free trade zones, the official news agency IRNA said. It said the Guardian Council, a body of Moslem clerics and lawyers which vets bills passed by parliament, objected to provisions in the law allowing majority-owned foreign and private banks and insurance firms in the trade zones ... FULL TEXT

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* Iran says foreign payments $4.7 bln in 1999/2000

TEHRAN, Jan 6 (Reuters) - Iran must pay foreign creditors $4.7 billion in the next Iranian year which starts on March 21, an Iranian Central Bank report said. ``According to statistics released by the Central Bank...$4.7 billion of the country's hard currency earnings next year must be used towards repaying foreign obligations,'' the Iranian news agency IRNA reported on Wednesday ... FULL TEXT

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Tuesday
January 5, 1999

* Russia tightens export controls

Tuesday, January 5, 1999 MOSCOW (AP) -- President Boris Yeltsin has tightened government controls over the export of Russian technology that may be used to develop missiles. Yeltsin amended and broadened the list of items that will be banned for exports in order to prevent the proliferation of missile technologies, the presidential press service said Tuesday. It did not name the items ... FULL TEXT

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Monday
January 4, 1999

* Iran official says euro to ease dollar domination

TEHRAN, Dec 31 (Reuters) - A senior Iranian banking official on Thursday welcomed the upcoming introduction of the euro, saying it would curb the global domination of the U.S. dollar, Iran's state television reported. ``The circulation of the European currency will decrease the domination of the dollar on the economy of world countries, including Iran,'' the television quotes Nowrouz Kohzadi, head of the state Export Promotion Bank, as saying ... FULL TEXT

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* Turkmenistan to export electricity through Iran

TEHRAN, Jan 3 (Reuters) - Turkmenistan plans to export its surplus electricity to neighbouring countries through Iran's power network, Iranian newspapers reported on Sunday. ``Turkmenistan plans to export electricity through Iran to the countries of the Economic Cooperation Organisation (ECO),'' the Abrar-e Eqtesad daily said. The ECO groups six former Soviet republics, Afghanistan, Pakistan and Turkey in addition to Iran ... FULL TEXT

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$ Rate

Offered at
up to 713-715
tomans

Sehaty Exchange (U.S.) 602-595-0777


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