Iranian Economy.....news and discussions

[Cancerous Tumor]

https://www.tehrantimes.com/news/478014/90-000-cars-to-be-imported-by-Mar-2023

TEHRAN – Several Iranian private companies have been granted licenses to import automobiles and 90,000 cars are going to be imported by the end of the current Iranian calendar year (March 20, 2023), Deputy Industry, Mining and Trade Minister Manouchehr Manteqi announced on Wednesday.

Mostly from China , Japan and South Korea

price of car should be below $10 k

 

[Cancerous Tumor]

Iran-Russia Joint Economic Committee meeting to kick off in Russia on Oct. 29​

Iran’s Deputy Oil Minister for International Affairs Ahmad Asadzadeh is the Iranian chairman of the two countries’ joint energy committee.

TEHRAN- The 16th meeting of Iran-Russia Joint Economic Committee will be held in Russia during October 29-November 1.

Iranian Oil Minister Javad Oji and Russian Deputy Prime Minister Alexander Novak will co-chair the meeting.

Under the joint economic committee meeting, 19 working groups have been defined, which include a diverse range of activities in the fields of energy, transportation, science and technology, etc.

 

[aryobarzan]

Benefits of a government that knows what they are doing....Iranian "industrial manufacturing" sector is expanding at avery fast pace. 5.1% in only 5 months.here is one example and remember all this under maximum sanctions!:

Iran’s tractor output up 50% y/y in March-September​

• 14,625 Tractors produced in just six months ( 50% increase compared with the same period last year). Aiming for 35,000 tractors by the end of calendar year
• 984 Tractors exported in 6 months (89% increase compared to the past year)..aiming for 4600 units by the end of calendar year
• Increased output could lead to a significant drop in the price of tractors in the domestic market.

Iran’s tractor output up 50% y/y in March-September

Iran says tractor output rose by 50% y/y in March-September, exports were up by 89%.

www.presstv.ir

 

[mohsen]

Benefits of a government that knows what they are doing....Iranian "industrial manufacturing" sector is expanding at avery fast pace. 5.1% in only 5 months.here is one example and remember all this under maximum sanctions!:

Iran’s tractor output up 50% y/y in March-September​

View attachment 890765
View attachment 890766

• 14,625 Tractors produced in just six months ( 50% increase compared with the same period last year). Aiming for 35,000 tractors by the end of calendar year
• 984 Tractors exported in 6 months (89% increase compared to the past year)..aiming for 4600 units by the end of calendar year
• Increased output could lead to a significant drop in the price of tractors in the domestic market.

Iran’s tractor output up 50% y/y in March-September

Iran says tractor output rose by 50% y/y in March-September, exports were up by 89%.

www.presstv.ir

This two years old article is still interesting:
"Did the sanctions affect you? yes, Sanctions increased our production"
از لفاظی تا التماس کشورهای اروپایی برای خرید قطعات تراکتور ایران/ صادرات 660 میلیارد تومانی تراکتورسازی | خبرگزاری فارس

Turkey, Netherlands, Italy and Germany are among the countries which now import tractor parts from Iran, prior to sanctions and the localization, we were importing tractor parts from them.

 

[mohsen]

Iran and Russia are about to finalize the $40 billion oil and gas deal in the coming month, $6.5 billion of the deal has been signed already.

Russia will invest in Pakistan's part of the peace gas pipeline to connect it to Iran's network. Also in a 50/50 shared contract and by using Russian technology, an underwater gas pipeline between Iran and Oman will be constructed.

This deal includes oil and gas purchase or swap as well (10000 ton of Russian oil annually), Russia will send it's gas through Turkmenistan and Azerbaijan pipeline to Iran, and Iran will practically become an energy hub in the region.

جزئیات تازه توافق نفتی و گازی ایران و روسیه/ 6.5 میلیارد دلار قرارداد با روس‌ها امضا شد | خبرگزاری فارس

 

[lydian fall]

Iran and Russia are about to finalize the $40 billion oil and gas deal in the coming month, $6.5 billion of the deal has been signed already.

Russia will invest in Pakistan's part of the peace gas pipeline to connect it to Iran's network. Also in a 50/50 shared contract and by using Russian technology, an underwater gas pipeline between Iran and Oman will be constructed.

This deal includes oil and gas purchase or swap as well (10000 ton of Russian oil annually), Russia will send it's gas through Turkmenistan and Azerbaijan pipeline to Iran, and Iran will practically become an energy hub in the region.

جزئیات تازه توافق نفتی و گازی ایران و روسیه/ 6.5 میلیارد دلار قرارداد با روس‌ها امضا شد | خبرگزاری فارس

6.5 billion dollars

 

[aryobarzan]

Pashinyan is in Tehran so is he buying any weapons!!! .

Iran, Armenia set to increase value of bilateral trade to $3bn​

November 1, 2022

President Ebrahim Raisi says Iran’s economic ties with Armenia have witnessed a 43-percent growth over the past months, and that the two neighbors have set a goal to increase the value of their trade to $3 billion.

 

[Cancerous Tumor]

اتباع خارجی با سرمایه گذاری ۱۰۰ هزاردلاری اقامت ۵ ساله می‌گیرند​

تهران- ایرنا- هیات دولت، وزارت کشور را موظف کرد حداکثر ظرف یک ماه برای اتباع خارجی که حداقل معادل یکصد هزار دلار به ارزهای دیگر سپرده گذاری بلندمدت یا به همان میزان در ایران سرمایه گذاری کنند، پس از تأیید و اعلام وزارت امور اقتصادی و دارایی مجوز اقامت ۵ ساله صادر کند.

Right now Iran offers 13 different types of visas.you may hear more about new one in future months.

https://evisatraveller.mfa.ir/en/request/visa_types/

I wish they could hire more people and add more languages to their website.

 

[Raghfarm007]

https://twitter.com/x/status/1588451630235934721

 

[aryobarzan]

1.5 year review of Raisi promises to Iranian voters ( This is my personal opinion based on what I have read so far..if you have more up to date info please share):..

• 4 million housing : none has been seen (a bit too early to judge this one)
• 3 million annual car production : 2% increase this year still below 1 million
• Increase tax collection revenue: Achieved for this year
• Electricity production of 10 GW: Done (great work)
• Self sufficiency in Wheat production: too early to judge (but domestic production is way up)
• Currency stabilization: mostly done (no money is printed and rial is mostly stable)
• OIL production increase to 6 million barrels/day : conflicting data.. they say capacity is close to 4 million barrels but not production!!
• Space program (Leo and GEO): leo is done but not by ISA so!!!!
• 150 seat Passenger plane..too early for this

Overall I give him a pass for his works and I know 1.5 year is too early..The 3 million auto production is way behind target.

 

[Cancerous Tumor]

1.5 year review of Raisi promises to Iranian voters ( This is my personal opinion based on what I have read so far..if you have more up to date info please share):..

• 4 million housing : none has been seen (a bit too early to judge this one)
• 3 million annual car production : 2% increase this year still below 1 million

F
not just he didn't delivered in order to "fix" market they used every tool available to bring down prices.(law , judiciary and even police force ! )

• Increase tax collection revenue: Achieved for this year

S+
It's Iran and they always collect no matter who runs government.

EDIT: Change my S+ to S++ based on value of Rial.

• Electricity production of 10 GW: Done (great work)

B
only in summer we had few hours without electricity but again for industry there were shortages.

• Self sufficiency in Wheat production: too early to judge (but domestic production is way up)

A
removing subsidies from wheat was a good plan and it worked so far.

• Currency stabilization: mostly done (no money is printed and rial is mostly stable)

B
Mr Raisy started with 280,000-290,000 Rials per USD now one USD is at ~ 320,000.( I doubt Iran had 10% growth during last 18 months)

EDIT: sorry my data was outdated. Tasnim reports 350,000 Rials per USD for 11/6/2022.printer is on

I change my B score to D.

• OIL production increase to 6 million barrels/day : conflicting data.. they say capacity is close to 4 million barrels but not production!!

C
Mr Raisy started with 1 Mbpd and now Iran production is at 2.6 Mbpd.(my expectation was a little bit more )

• Space program (Leo and GEO): leo is done but not by ISA so!!!!
• 150 seat Passenger plane..too early for this

prefer to be silent



Tourism
He started good with rebuilding relationships but now you know what's happening inside the country.
F

Jobs
It's one off main pillars of this government even after covid-19 and sanctions Iran's recovery was good.it seems Mr Raisy has good ears for workers and industry guys.

If it wasn't for pay gap and number of working men vs women i would give Mr Raisy an A but he failed women here so far .(it's part of why you hear slogans such as "Woman , Life , Freedom" )
B

Covid-19
Unlike Mr Rohani's government Mr Raisy did good job at confronting covid-19.
A

 

[Hack-Hook]

Electricity production of 10 GW: Done (great work)

to be honest that's project started by roohani

Mr Raisy started with 280000-290000 Rials per USD now one USD is at ~ 320000.( I doubt Iran had 10% growth during last 18 months)

334000 rial that's more than 10%

It's Iran and they always collect no matter who runs government.

no Iran always had not collecting problem , they get the tax from government worker yes , but when it come to anybody else . well rather not talk about it

 

[Cancerous Tumor]

to be honest that's project started by roohani

334000 rial that's more than 10%

I'm not economist but sometimes I follow these stuff.
(as I heard from economists) they say if you had for example 10% growth it's ok to have slightly more than 10% Rials.
And in this case we should speak about relative value of USD vs other currencies too.

no Iran always had not collecting problem , they get the tax from government worker yes , but when it come to anybody else . well rather not talk about it

What do they do when they fail to collect or correct government expenses ?
Random bank starts creating money and someone in background signs "کی بود کی بود من نبودم ."

then there is over collection and under performing problems.

 

[Hack-Hook]

I'm not economist but sometimes I follow these stuff.
(as I heard from economists) they say if you had for example 10% growth it's ok to have slightly more than 10% Rials.
And in this case we should speak about relative value of USD vs other currencies too.

What do they do when they fail to collect or correct government expenses ?
Random bank starts creating money and someone in background signs "کی بود کی بود من نبودم ."

then there is over collection and under performing problems.

random bank can't publish money , the usual practice when government is short of money is get loan from central bank or publish bunds or sell something , or sometimes do what happened at the stock market 2-3 years ago

 

[Cancerous Tumor]

random bank can't publish money , the usual practice when government is short of money is get loan from central bank or publish bunds or sell something , or sometimes do what happened at the stock market 2-3 years ago

Sorry I meant "random bank".
it's tax with extra steps or some may say less steps.