Iranian Economy.....news and discussions

[MyNameAintJeff]

Iran starts preparations for dairy exports to Japan ​

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Iranian agriculture ministry (MAJ) ordered its various departments on Tuesday to start preparations for exports of dairy products to Japan after the East Asian country included Iran in its list of authorized dairy suppliers.


A letter addressed to heads of Iran’s dairy industry asscociations showed that the MAJ will offer its support to companies planning to supply dairy products, including powdered milk, to Japan.


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Flavoured Milk Market Size is projected to reach USD 57.98 billion by 2029

Market Analysis and Size Data Bridge Market Research analyses that the flavoured milk market was valued at a USD 38 07 billion in 2021 and is expected to reach the value of USD 57 98 billion by 2029 at a ...

www.openpr.com

Market Analysis and Size
Data Bridge Market Research analyses that the flavoured milk market was valued at a USD 38.07 billion in 2021 and is expected to reach the value of USD 57.98 billion by 2029, at a CAGR of 5.4 % during the forecast period of 2022-2029
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The global cheese market is projected to grow from $123.87 billion in 2021 to $161.23 billion by 2028, at a CAGR of 3.84% in forecast period, 2021-2028

Read More at:-
https://www.fortunebusinessinsights.com/cheese-market-104293

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Iran have good relationship with both Oman and Yemen and I think they produce amazing coffee and it can be used to make Flavoured milks.

In our cheese market we have only few types of popular cheeses and it is also huge market out there.

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For issue of water I don't like to see growth of red meat (mostly cow) production but I like to see more milk production from cow and sheep.

Send products to Japan and then be surprised when the Japanese don't send back the money because their overlord told them not to.

 

[Cancerous Tumor]

You're raising a hugely important point.

In fact, de-dollarizing the Iranian economy appears to be key to solving Iran's economic challenges, in particular those that burden ordinary Iranians and can cause dissatisfaction amongst them.

Is this de-dollarization accruing right now ?

I mean there are three different factions Euro , Yuan and Dollar.

At the time of US dollar decline in past decades because of arrogance and stupidity of some of US officials it led to rise of the other two.then we should ask who is biggest partner of China and EU?

This includes the major issue of inflation. I had previously mentioned private banks and their role in the increase of the monetary mass during the Rohani years as a factor behind the current inflation, in reference to a conference given by Ra'efipur. However, after a bit of additional research and digging up dusty old notes from economy classes, I must revise this assessment.

Before Mr Ruhani's presidency there was no issue with banking and inflation ?

To begin with, let's stress that the machinations of private banks in Iran are a source of rising social inequalities and corruption. As such, they must be curtailed, the sooner the better. But when talking about inflation, its root lies elsewhere, namely in the still largely dollarized state of the Iranian economy.

Indeed, the notion that every inflationary phenomenon is necessarily due to a rise in monetary supply is in fact exclusive to the monestarist branch of neo-classical economics, especially people such as Milton Friedman, the "Chicago Boys" etc. In other terms, market extremists and ultra-liberals. The failure of the economic model they promoted has been observed both in developed countries and in the global south. But Iranian liberals are more Catholic than the Pope, they keep clinging to concepts which many their own western role models have abandoned to a considerable extent.

Common man ! this is ~18 months after 8 years of "pro market" guy in power just go back 1-2 pages and take a look at top 100 companies (if you still have any doubt you may look at top 500 companies)then come back here and tell us if it is what a pro market/ pro capitalism should look like ! or not?

Holier than the Pope for sure, some of our guys should teach communism/socialism to CCP.

The solution, thence, lies in state control of the price of hard currency. The government must fix an exchange rate for the dollar and impose it on every economic actor. Actually, Iran has a good experience with this policy. It was practiced during a couple of years in the 1370's, against the wishes of Hashemi Rafsanjani. Result: inflation was corrected in a matter of a year.

No,strong state control measures belongs to rare special occasions like war , pandemic and ... if you are constantly in that state of war and ... you should innovate something else for it.

What you promoting here is equivalent of dropping millions of bombs on Iranian homes and infrastructures every year by the hands of good willing Iranians !

Powerful private interests are creating obstacles against a renewed implementation of such sound measures, which would create great relief among the working and middle class. Said private interests began implementing their domination at the level of ideas. They influenced the media, academia, officials, show business figures, they even managed to mislead much of the working class into adopting blind belief in neo-classical economic mantras, especially the false idea that the root for inflation in Iran resides in monetary supply. They're doing this because the dollarization of the Iranian economy serves their own financial interests, on the back of the Iranian people at large.

As government control expanded it created bigger lower class and made middle class smaller.

The 50% inflation means the money that you have stolen(created) from a child's piggy bank or elderly wealth fund will go towards your feels good projects whether some of them turn out to be good or bad people in time will judge you.

For example one of these projects was "elite" think tank of "amre be maroof" which at the end led to forcing police/others to do what they did.I'm referring to their decision makers not front line soldiers , can u calculate how much soft power they burnt ? how much did they damage the country ?

I can think of other examples too.

Send products to Japan and then be surprised when the Japanese don't send back the money because their overlord told them not to.

It's a weird world dear Jeff

 

[aryobarzan]

And now Iranian Tractors to Russia!

Personal note: I loved to have one of these Iranian beauties..my own Kubota tractor is old and tired from blowing snow..new one in Canada cost over $60,000 dollars..out of my budget..lol

Russia turns to Iranian tractors to plow its farms​

Monday, 06 February 2023 11:37 AM [ Last Update: Monday, 06 February 2023 11:40 AM ]

Russian technicians attend a training course at Iran Tractor Manufacturing Industrial Company (ITMCO) in Tabriz, northwest Iran. (Photo by Fars)
Russia has begun test imports of Iran-made tractors as Moscow expands sourcing some of its needs previously reliant on Europe from the Islamic Republic amid Western sanctions.
The first group of Russian technicians, consisting of 13 people from St. Petersburg and Krasnoyarsk oblasts, has completed training courses on service and maintenance of Iranian tractors at Iran Tractor Manufacturing Industrial Company (ITMCO) in Tabriz.
The course included engine, hydraulic and electronic systems, gearbox, cabin and other parts of Iranian tractors, ITMCO Chief Executive Mostafa Vahidzadeh told Fars news agency.
Russia has already issued standard certificate for ITMCO products and imported the first batch of Iranian tractors, he said.
“Given the reception the Iranian tractors got in Russia, the training courses will continue in line with the plans for sales networks and after-sales services in more than 80 oblasts of Russia,” Vahidzadeh said, stating that other groups of Russian experts will travel to Iran in the coming months to participate in training courses.
“Sample tractors have been sent to Russia and are currently being used in the fields. It is expected that with the launch of a sales network and after-sales services, the presence of tractors produced at ITMCO will increase in most Russian oblasts,” he added.
According to Vahidzadeh, ITMCO products are exported to 25 countries. During the last 10 months, various kinds of tractors, engines, casting parts, spare parts and other products worth 37 million dollars have been exported.
ITMCO predates the 1979 Islamic Revolution, having been established in the northwest city of Tabriz in 1968 to assemble Romanian and British tractors.
The A to Z of manufacturing is currently done at ITMCO which has one of the largest cast iron foundries in Iran and the region. Iran Tractor Foundry Company (ITFCO), a subsidiary of ITMCO, also produces some of the key cast parts for major automakers Iran Khodro and Saipa.
ITMCO is the third biggest automotive company in Iran after Iran Khodro and Saipa. Apart from producing 16 types of tractors, it also builds engines for various machines, including graders, compressors, water pumps, generators, forklifts, combine harvesters and road construction vehicles.
Having also tried its hand recently in producing a mini truck which did not meet with the hoped-for success, it now plans to roll out a modern 12-tonne light-duty truck with the help of a Chinese manufacturer.

Iranian tractors crush US sanctions, plow European farms
When the US Treasury imposed sanctions on Iran Tractor Manufacturing Company (ITMC) in October 2018, the largest tractor manufacturer in the Middle East and North Africa pledged to respond to the measure by ramping up exports.
The company has gone through a series of renovations in recent years, buying more modern machinery and setting up new production lines.
These new lines have led to the creation of an R&D center where experts with high degrees from some of the prestigious universities head workshops and engineering centers.
ITMCO has 12 subsidiaries which contract out many tasks to 800 domestic parts manufacturers. ITMCO tractors are also assembled in Venezuela and Tajikistan.
Speaking to Fars, some of the Russian experts acknowledged that the level of training in Tabriz and ITMCO is on par with “and sometimes even better than” the training they had received in European countries such as Germany and Italy.
“The level of technology of tractors and the reception they have got from Russian farmers is such that it justifies the difficulty of traveling and settling at IMTCO for more than half a month,” one of the technicians said.
"Russian farmers are eagerly waiting for the second batch of tractors to be sent to their country."

 

[SalarHaqq]

Before Mr Ruhani's presidency there was no issue with banking and inflation ?

Which confirms that inflation is not necessarily a consequence of increased monetary supply.

Common man ! this is ~18 months after 8 years of "pro market" guy in power just go back 1-2 pages and take a look at top 100 companies (if you still have any doubt you may look at top 500 companies)then come back here and tell us if it is what a pro market/ pro capitalism should look like ! or not?

Holier than the Pope for sure, some of our guys should teach communism/socialism to CCP.

Although public ownership of the means of production is relatively extensive in Iran, in the realm of ideas there's been a disproportionate predominance of monetarist thinking for several decades. I'm not seeing any influential proponents of communism or socialism in the public sphere.

And liberals intend to replace the public sector with an unfettered and unregulated market economy, like they did to the best of their ability in whatever private sector they could.

No,strong state control measures belongs to rare special occasions like war , pandemic and ... if you are constantly in that state of war and ... you should innovate something else for it.

Iran is in a state of cold war. As far as the economy's concerned, conditions are similar to those of a hot war. The issue of inflation is a pressing one, there's a politically urgency to solve it.

What you promoting here is equivalent of dropping millions of bombs on Iranian homes and infrastructures every year by the hands of good willing Iranians !

In the 1370's these measures led to successful control of inflation.

As government control expanded it created bigger lower class and made middle class smaller.

Government control over the economy has been on the decline since the 1990's, income disparities on the rise.

 

[Cancerous Tumor]

Even though public ownership of the means of production is relatively extensive in Iran, in the realm of ideas there's been a disproportionate predominance of monetarist thinking for several decades now. I'm not seeing any influential proponents of communism or socialism in the public sphere.

And the liberals intend to replace the public sector with a completely unregulated market, like they did to the best of their ability in whatever the private sector they could.



Iran is in a de facto state of 'cold' war, conditions are similar to those of a hot war. The issue of inflation is a pressing one, there's a politically urgency to solve it, thence exceptional conditions.



In the 1370's these measures led to successful control of inflation.



Government control over the economy has been on the decline since the 1990's, income disparities on the rise.

https://english.www.gov.cn/statecouncil/liuhe/

Can't wait for next year

 

[aryobarzan]

Massive increase in Iron Ore excavation 2600%​

Remember in WWII Germany attacked Norway just to get access to the Norwegian Iron Ore reserves..no Ore ..no steel! To build 4 million houses and all those new railway links and 3 million cars production all need one thing..STEEL.

Iran reports record activity at second largest iron ore mine​

Wednesday, 08 February 2023 5:48 PM [ Last Update: Wednesday, 08 February 2023 5:48 PM ]

Iran says activity at Sangan iron ore mine rose to record levels in the past 16 months.
Iran has seen record levels of activity in its second largest iron ore mine in the past 17 months amid efforts by the country to expand its massive metals and mining sector.
A Wednesday report by the official IRNA news agency said that excavation works at Sangan ore mine, located in the eastern Iranian province of Khorasan Razavi, had increased by 2,600% in the period between August 2021 and January this year compared to the same previous period.
The report said output of iron ore at Sangan had reached 30 million metric tons (mt) over the same period, up 50% compared to the period between August 2020 and January last year.
Fine iron ore output at Sangan rose by 450% to 2.2 million mt while its concentrate and pellet outputs increased by 22% and 10% to 11 million mt and 12 million mt, respectively, over the same period, said the report.
The increased activity in the mine led to the creation of 500 new direct jobs in the mine, it added.
Sangan, located 60 kilometers south of the city of Taybad near the Afghan border, is Iran’s second largest iron ore mine. It is responsible for 25% of the total feedstock supplied to Iranian steel industry.
Record activity in the mine comes as Iran continues with plans to expand its mining and metals sector as it seeks to reduce its reliance on oil.
Iran’s state metals company IMIDRO said on Wednesday it has plans to invest up to $12 billion in the Iranian mining sector by 2032.

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[Cancerous Tumor]

One of the common problems of government based economies is unhealthy growth of certain sections and lack of growth in other sections.

For example due to government strong intervention in some social issues and building subsidized housing project there would be less demand for natural born houses (combined effects of immigration and adding extra houses in abnormal/urgent manners) at the same time demand for shop/stores and storage facilities will almost remain same.

And when you added these extra places to your city without it's necessary infrastructure then you need to build BRT/Metro line,shopping area and ..... for them.

(Justice issue) if you want to look at it with lenses of justice it raises the question of why some people should get it easily when most of other people got these things in natural/hard way ?

(Promoting institutional corruption) Another question would be , doesn't it build up motivation in other governmental institutions to cut the corners and do the same thing for themself in the name of good causes and etc ?

I'm sure you know some of these institutions which their names is X and their actions are in area of X , Y and Z sections.of which Y and Z sections does not even relates to X problems

 

[Raghfarm007]

Iran’s vehicle output up 20% y/y in 10 months to Jan. 20​

Iran’s vehicle output rose to a four-year record of nearly one million in the 10 months to late January, according to figures by the country’s ministry of industry (MIMT).
MIMT figures covered in a Thursday report by the Tasnim news agency showed total vehicle output in Iran had reached 994,156 units in the 10 calendar months to January 20, up 20% compared to the same previous period.
Vehicle sales rose by 32% over the same period to nearly 1.1 million, showed the figures which indicated that Iranian carmakers had completed a record number of unfinished vehicles over the past months to boost their delivery rates.
A breakdown of the output figures showed that production of cars had increased by 30% year on year in the calendar month to late January in Iran.
Total car output in the country in the 10 months to late January had reached over 862,000 units, said the MIMT.
The ministry said there were record increases of up to 277% in production of buses, vans and trucks in Iran over the same period.

Iran’s vehicle output up 20% y/y in 10 months to Jan. 20

Iranian carmakers churned out nearly 1 million vehicles in the 10 months to late January.

www.presstv.ir

 

[Cancerous Tumor]

Russian Oil Price Cap Is Meeting Objectives :G7

Wikipedia :
The international Group of Seven (G7) is an intergovernmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member".

I wonder, If we ask economists in G7 countries what would they say in response to simple question of :

Will price cap on X product leads to higher price of this product in future or not ?

 

[Cancerous Tumor]

ChatGPT predicts US dollar dominance will give way to a multipolar currency system as China's yuan gains influence​

"Its widespread use, particularly in international trade, gives the US dollar significant influence on the world stage. However, in recent years, there have been efforts to reduce the dollar's dominance and increase the use of other currencies, such as the euro and the yuan, in international transactions."

"In conclusion, predicting which currency will be dominant in the future is uncertain, but it is likely that the world will see a shift towards a more multipolar currency system, in which several currencies play a significant role, rather than one dominant currency," ChatGPT predicted.

The response is notable in that ChatGPT's knowledge base only extends to the end of 2021, meaning that last year's moves away from the US dollar didn't factor into its prediction.

In 2022, the US and its Western allies froze Russia's foreign exchange reserves and kicked it out of the SWIFT financial system in response to Moscow's war on Ukraine.

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Since I don't have access to AI platforms ( due to Iran's IP problem ) if it's possible for you guys ask ChatGPT and DAN this question :

Beside calculating GDP for evaluating countries economic performance, what do you purpose/offer to evaluate a country economic performance ?

 

[Shams313]

Since I don't have access to AI platforms ( due to Iran's IP problem ) if it's possible for you guys ask ChatGPT and DAN this question :

Beside calculating GDP for evaluating countries economic performance, what do you purpose/offer to evaluate a country economic performance ?

Gross Domestic Product (GDP) is widely used as an indicator of a country's economic performance, but it is not the only one. Other factors can also be used to evaluate a country's economy, including:

1. Gross National Product (GNP): GNP measures the total income earned by a country's residents and businesses, regardless of their location. It takes into account both the domestic production and the income generated abroad.
2. Human Development Index (HDI): The HDI measures a country's progress in terms of its citizens' well-being, including factors such as life expectancy, education, and income.
3. Unemployment Rate: The unemployment rate is a measure of the percentage of the labor force that is without work but actively seeking employment.
4. Inflation Rate: The inflation rate measures the average change over time in the prices of goods and services consumed by households.
5. Balance of Trade: The balance of trade measures the difference between a country's exports and imports. A positive balance of trade indicates that a country is exporting more goods and services than it is importing, which can be seen as a sign of economic strength.
6. Gross Domestic Savings: The gross domestic savings measures the total amount of money that is saved by a country's residents and businesses. A high level of savings can indicate a strong economy and support for future growth.
7. Standard of Living: The standard of living is a measure of the material well-being of a country's citizens, taking into account factors such as income, housing, healthcare, and access to education and job opportunities.

These are just a few examples of indicators that can be used to evaluate a country's economy, and the most appropriate measures will depend on the specific context and goals of the evaluation.

Q. Anything u want to add?

Ans: Yes, I would like to add that it's important to keep in mind that economic indicators are just snapshots of a country's economy at a specific point in time and should be evaluated in the context of long-term trends and other economic, social, and political factors. Additionally, it's also important to consider the limitations of each indicator and to use a combination of indicators for a more comprehensive understanding of a country's economic performance. For example, GDP is a widely used measure of economic growth, but it does not reflect income inequality or environmental sustainability, among other factors. Therefore, it's essential to consider a range of economic, social, and environmental indicators to get a comprehensive picture of a country's overall progress and well-being.

 

[Cancerous Tumor]

Gross Domestic Product (GDP) is widely used as an indicator of a country's economic performance, but it is not the only one. Other factors can also be used to evaluate a country's economy, including:

1. Gross National Product (GNP): GNP measures the total income earned by a country's residents and businesses, regardless of their location. It takes into account both the domestic production and the income generated abroad.

isn't it partly relates to GDP ?

1. Human Development Index (HDI): The HDI measures a country's progress in terms of its citizens' well-being, including factors such as life expectancy, education, and income.

Almost each factor here will be used to calculate in GDP.

1. Unemployment Rate: The unemployment rate is a measure of the percentage of the labor force that is without work but actively seeking employment.

As politician/government you may create a lot of useless jobs but in the end they may lose more (scamming voters ). highly depends on what is going on around the world.

1. Inflation Rate: The inflation rate measures the average change over time in the prices of goods and services consumed by households.

I see two problems with inflation :
1.growth rate, you need it to cover your healthy growth.


2.Generational differences
Let's say 15 years ago you had amazing and visionary people which they got wealthy by producing extra ordinary products which everybody loved their work but today these guys don't have their influence on the market but they still control their markets because of their size and weight.

Doesn't it means lower inflation helps these guys to stay relevant for more time than they should ?

1. Balance of Trade: The balance of trade measures the difference between a country's exports and imports. A positive balance of trade indicates that a country is exporting more goods and services than it is importing, which can be seen as a sign of economic strength.

Trade is good but still there are large countries that they produce what they need and export less for X or Y reasons.

1. Gross Domestic Savings: The gross domestic savings measures the total amount of money that is saved by a country's residents and businesses. A high level of savings can indicate a strong economy and support for future growth.

Both savings and debts can become highly political issues so the exact value of your savings or debts may become less or more depend on various factors.

1. Standard of Living: The standard of living is a measure of the material well-being of a country's citizens, taking into account factors such as income, housing, healthcare, and access to education and job opportunities.

Still parts of our GDP view.

These are just a few examples of indicators that can be used to evaluate a country's economy, and the most appropriate measures will depend on the specific context and goals of the evaluation.

Q. Anything u want to add?

I want to see non-human intelligence perspective on humane interactions.

Ans: Yes, I would like to add that it's important to keep in mind that economic indicators are just snapshots of a country's economy at a specific point in time and should be evaluated in the context of long-term trends and other economic, social, and political factors. Additionally, it's also important to consider the limitations of each indicator and to use a combination of indicators for a more comprehensive understanding of a country's economic performance. For example, GDP is a widely used measure of economic growth, but it does not reflect income inequality or environmental sustainability, among other factors. Therefore, it's essential to consider a range of economic, social, and environmental indicators to get a comprehensive picture of a country's overall progress and well-being.

Exactly for these reason that you said and other reasons I think we need to develop other tools for evaluation.

 

[MyNameAintJeff]

ChatGPT predicts US dollar dominance will give way to a multipolar currency system as China's yuan gains influence​

"Its widespread use, particularly in international trade, gives the US dollar significant influence on the world stage. However, in recent years, there have been efforts to reduce the dollar's dominance and increase the use of other currencies, such as the euro and the yuan, in international transactions."

"In conclusion, predicting which currency will be dominant in the future is uncertain, but it is likely that the world will see a shift towards a more multipolar currency system, in which several currencies play a significant role, rather than one dominant currency," ChatGPT predicted.

The response is notable in that ChatGPT's knowledge base only extends to the end of 2021, meaning that last year's moves away from the US dollar didn't factor into its prediction.

In 2022, the US and its Western allies froze Russia's foreign exchange reserves and kicked it out of the SWIFT financial system in response to Moscow's war on Ukraine.

.................................................................................................

Since I don't have access to AI platforms ( due to Iran's IP problem ) if it's possible for you guys ask ChatGPT and DAN this question :

Beside calculating GDP for evaluating countries economic performance, what do you purpose/offer to evaluate a country economic performance ?

Didn't they kill DAN?

 

[Cancerous Tumor]

Didn't they kill DAN?

Oh, I didn't know that

 

[aryobarzan]

Foreign debt is the new form of "colonialism" once you owe them they will own you with no need to station soldiers in your land.
Iran's foreign debt is now reduced to mere 6.4 billion dollars from last years $9 billion ...Here is some comparison of Iran's " External Foreign Debt" with countries around us for last year 2022:

Iran's Foreign Debt: .....$ 9 billion
Turkey's Foreign Debt..$443 billion
Egypt's Foreign Debt: ..$156 billion
Pakistan Foreign Debt:.$ 130 billion

External debt is the portion of a country's debt that is borrowed from foreign lenders including commercial banks, governments, or international financial institutions. These loans, including interest, must usually be paid in the currency in which the loan was made.

Foreign debt falls more than 41%: CBI

TEHRAN – The latest data released by the Central Bank of Iran (CBI) show that the country’s foreign debt stood at $6.425 billion at the end of the eighth Iranian calendar month of Aban (November 21, 2022), down more than 41 percent from $9.067 billion at the end of the previous year (March 20).

www.tehrantimes.com