Iranian Economy.....news and discussions

[MyNameAintJeff]

Iranian SEPAM and Russian SPFS now joined​

Russia, Iran substitute to SWIFT links over 800 banks​

Monday, 30 January 2023 11:32 AM [ Last Update: Monday, 30 January 2023 11:38 AM ]

Deputy head of the Bank of Russia ladislav Gridchin (R) and deputy governor of the Central Bank of Iran Mohsen Karimi pose for reporters after signing a deal to connect their national interbank communication and transfer systems in Tehran, Jan. 29, 2023.
As many as 700 Russian banks and 106 non-Russian banks from 13 countries can exchange financial messages with Iranian banks, the deputy governor of the Central Bank of Iran (CBI) says.
The central banks of Iran and Russia on Sunday signed a deal to connect their national interbank communication and transfer systems to help boost trade and ease two-way bank transactions.
“Under the deal, the national banking messaging systems of the two countries were connected, making it possible for all member banks of the national banking messaging system of Iran to exchange banking messages with all banks in Russia,” Mohsen Karimi told Fars news agency.
The system allows financial institutions in the two countries to open letters of credit or process money orders and bank guarantees. This means they do not need the SWIFT international messaging system for payments, Karimi said.
“By connecting the national messaging systems of Iranian and Russian banks, about 700 Russian banks can exchange financial messages with Iranian banks. Apart from these Russian banks, 106 non-Russian banks from 13 other countries can connect with this messaging system and have financial exchanges with Iranian banks.”
To begin with, a bank from Iran and another from Russia were chosen to exchange the first message, Karimi said, adding a technical delegation of the central bank of Russia will travel to Iran in the comings days to provide the groundwork for communication and dispatch of messages among all banks of the two countries.
According to the CBI website, 52 branches of Iranian banks and four unnamed foreign banks will use Iran's local interbank telecom system or SEPAM to connect with 106 banks using Russia's system for transfer of financial messages or SPFS.
On Saturday, a senior Iranian trade official said Russia has overtaken China as the biggest investor in Iran.
Ali Fekri, head of the state-run Organization for Investment and Economic and Technical Assistance of Iran, said Russia had spent some $2.7 billion on two oil projects in the western province of Ilam since President Ebrahim Raeisi’s government came to office in August 2021.
The United Arab Emirates, Afghanistan, Turkey and China were the next biggest investors, added.
Iran and Russia have strengthened ties significantly since last year. There have been several high-ranking visits and a raft of agreements to expand trade cooperation between the two countries.
Iran and Russia are both heavily sanctioned by the US and Europeans and have been working together to find ways to bypass the coercive measures.
Fekri said Russia has invested by either sending physical cash to Iran or by using foreign currency traders.

This is a huge development, Let's hope that this is the first step in dismantling the western controlled financial system.

 

[Cancerous Tumor]

Black grapes harvested from 6,500 hectares of Sardasht vineyards​

Due to the special climate conditions of this county, and gardeners not using fertilizers and poisons for growing black grapes, a completely organic product is obtained, which has a great reputation, and is highly welcomed by the other provinces.

This type of grape relieves nervous tension, increases breast milk, cleanses the stomach and intestines, and also removes skin wrinkles.

There are about 8,000 hectares of black grape orchards in Sardasht, of which 6,500 hectares are fertile.

Fars province accounts for 38% of Iran’s pomegranate production​

Majid-Reza Pakari, the director for horticulture affairs of the Agriculture Department of the province, has estimated that the province’s pomegranate output will reach 357,000 tons in the current Iranian calendar year (ends on March 20).

Stating that there are 25,500 hectares of pomegranate orchards in Fars, the official said Fars province ranks first in the country in terms of cultivated area and production of this product.

The average production of pomegranate in Fars is 15-16 tons per hectare, but in exemplary orchards that follow the patterns of cultivation and development, the production record reaches 95 tons per hectare, he announced.

165 industrial units idle in Kordestan province​

Bakhtiar Khaliqi said that there are 996 industrial units in the province, of which 165 units (16.56 percent) are idle.

Also referring to the existence of 355 mining units in the province, the official said 202 units, equivalent to 56 percent of them, are active, seven units are being equipped, and the rest are inactive.

Khaliqi announced that 42.5 percent of Kordestan's economy is related to industry, mining and trade, and said this province has capacities such as bordering and having many minerals such as iron ore and gold, which can increase the share of the province's economy in these sectors.

 

[Cancerous Tumor]

Iran resumes exports to Saudi Arabia

Tehran (ISNA) – An economic activist says that Iran’s exports to Saudi Arabia has resumed during the current Iranian calendar year after some years of pause.


Seyyed Rouhollah Latifi in an interview with ISNA declared, “Iran’s exports to Saudi Arabia had actually stopped during the previous Iranian calendar year, and the recorded number could not even reach $42,000 but since late March till late November more than 30,000 tonnes of commodities worth $14,710 million were exported to Saudi Arabia”.

 

[aryobarzan]

THE BIG PICTURE​

Ever wondered why they want regime change in Iran
GOD has been good to Iran

Combined ...Iran is the largest OIL+GAS reserve country in the world. And there are more discoveries to come

 

[aryobarzan]

Iranian Tobacco to Zimbabwe (setting up a factory there)

Iranian Honey to China

Iranian Tobacco Company to build cigarette plant in Zimbabwe

Iran’s main cigarette brand Bahman will be manufactured in a plant in Zimbabwe.

www.presstv.ir

Iran prepares to export large shipment of honey to China

Iran is preparing to export up to 2,000 metric tons of honey to China under a deal signed last year.

www.presstv.ir

 

[Cancerous Tumor]

Iranian Tobacco to Zimbabwe (setting up a factory there)

Iranian Tobacco Company to build cigarette plant in Zimbabwe

Iran’s main cigarette brand Bahman will be manufactured in a plant in Zimbabwe.

www.presstv.ir

Smoking kills

 

[Cancerous Tumor]

SIZE MATTERS: Biden challenges McCarthy: 'Show me your budget and I’ll show you mine'​

As you see some of these issues are universal .

@ 6:00

 

[Cancerous Tumor]

خبرگزاری فارس - ایران استوار؛ 44 سال افتخار| گزارش فائو از جایگاه اول تا پانزدهم ایران در تولید میوه‌ دنیا‌/ رشد 5 برابری تولیدات کشاورزی ایران نسبت به سال 57

بر اساس آمار سازمان خواروبار کشاورزی ملل متحد، ایران پس از انقلاب اسلامی با وجود تحریم‌های مختلف در تولید 68 محصول کشاورزی جایگاه اول تا پانزدهم دنیا را کسب کرده است و رتبه‌های خیره کننده ای در صادرات به بازارهای جهانی داشته است.

www.farsnews.ir

Iran's rank in production of :

FAO.(2021 I think)

Pistachio rank one again ?

 

[Stryker1982]

خبرگزاری فارس - ایران استوار؛ 44 سال افتخار| گزارش فائو از جایگاه اول تا پانزدهم ایران در تولید میوه‌ دنیا‌/ رشد 5 برابری تولیدات کشاورزی ایران نسبت به سال 57

بر اساس آمار سازمان خواروبار کشاورزی ملل متحد، ایران پس از انقلاب اسلامی با وجود تحریم‌های مختلف در تولید 68 محصول کشاورزی جایگاه اول تا پانزدهم دنیا را کسب کرده است و رتبه‌های خیره کننده ای در صادرات به بازارهای جهانی داشته است.

www.farsnews.ir

Iran's rank in production of :
View attachment 915053
FAO.(2021 I think)

Pistachio rank one again ?

Despite most of the climate and geography not being suitable for agriculture, their are a number of areas Iran has excelled in globally.

I heard that Iran has possession of large acres of land in the Astrakhan area in Russia, where it produces Wheat and ships it back to Iran. Good deal.

 

[SalarHaqq]

Despite most of the climate and geography not being suitable for agriculture, their are a number of areas Iran has excelled in globally.

I heard that Iran has possession of large acres of land in the Astrakhan area in Russia, where it produces Wheat and ships it back to Iran. Good deal.

Don't know about Astrakhan, but a deal was signed for extra-territorial cultivation in the federate Republic of Bashkortostan, which is located in Central Asia, more to the northeast.

Russia’s Bashkortostan Welcomes Iran for Extraterritorial Cultivation

Russia’s Bashkortostan Welcomes Iran for Extraterritorial Cultivation May 18, 2022 - 13:57 TEHRAN – Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) hosted a meeting with a trade...

defence.pk

The 1979 Islamic Revolution turned Iran into a global agricultural giant - whereas the sector used to be in a truly dire situation under the previous regime of the toppled Pahlavi monarchy, especially after the failure of the agricultural reforms it launched in 1963. In post-Revolution Iran, authorities immediately turned their focus on fixing the agriculture thanks to fruitful initiatives such as the establishment of the Jahāde Keshāvarzi (Agricultural Jihad) institution. And agriculture is the basis for sound and sustained industrial development (at least in a country with the general characteristics of Iran).

This is despite attempts by liberal administrations since the 1990's to implement hazardous measures derived from the so-called "Green Revolution" theory which Rockefeller-funded NGO's and authors like Norman Borlaug have actively been advocating across the global south. Under Rohani we even witnessed attempts to generalize GMO crops in Iran, namely by officials such as Kaveh Madani, who left the country after being briefly detained under the suspicion of having links to the environmentalist espionage ring. Another former official pushing for similar policies is Isa Kalantari, Rohani's head of the Department of Environment. Luckily, these have been kept in check to an extent thanks to the security apparatus.

The issue of resource scarcity is vastly exaggerated by certain circles (including Kalantari) which do not want Iran to continue along the path of self-sufficiency and independence from the west. As well as by a small group of capitalists who seek to enhance Iran's integration into the globalized economy, so that they can keep maximizing their own profits on the back of ordinary and working class Iranians beyond what they're doing already (and thereby causing a measure of social dissatisfaction exploited by Iran's existential enemies, as experienced with a number of riots in recent years).

 

[SalarHaqq]

This is a huge development, Let's hope that this is the first step in dismantling the western controlled financial system.

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.

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.

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.

To be more precise in regards to inflation, its causes are potentially manifold. When it comes to monetary supply, this will result in inflation only if it generates a rise in demand, rise which cannot be matched by a parallel increase in production. Now here's the question: did the explosion of monetary supply (naqdinegi) during the past decade usher in greater demand? No, it definitely did not. In other terms, inflation in Iran is not due to naqdinegi or augmented monetary mass. Here the reason for inflation squarely lies in the fact that Iranian economic actors, especially large producers (including exporters of non-oil commodities), are continuing to bind themselves to the US dollar at several stages of their transactional operations.

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.

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.

The hegemony of neo-classical economic thinking in Iranian society has become such that to successfully counter it, to achieve de-dollarization of the economy and reduce inflation we must start in the realm of information and culture. We must re-inform Iranians against the liberal economic propaganda they've been subjected to for three decades in a row. Much hope rests with the Ra'isi administration to kick start a healthy evolution on this matter.

For further details, including on the mechanisms through which dollarization of the economy leads to inflation, I'd urge everyone to listen to what Yaser Jebra'ili has to say in the following video presentation courtesy of Jedaal:

Frankly, this can be considered mandatory viewing for all those interested in the topic. Make sure not to miss this well documented and eye-opening discussion.

 

[Cancerous Tumor]

Despite most of the climate and geography not being suitable for agriculture, their are a number of areas Iran has excelled in globally.

(not sure if this map is up to date or not but usually Iran's rainfall is very similar to this )

I was a little bit concerned about Pakistan agriculture in pas days and looked into more details of their output.Pakistan provides food to 230 million people and compared to 2021 which was literally the worst rainy year of Iran (in last 50 years I think with ~240 mm ) with average of 131 mm rainfall.Iran's agriculture produced a little bit (less than 10% maybe ) more than Pakistan during that year !

This yellow to red color area of Iran should be equal to 1/4 to 1/3 of Pakistan(all of Pakistan suitable land for agriculture) and it's rainfall is similar to average rainfall in EU !

The green area is also suitable for producing specific types of food and plants.

I heard that Iran has possession of large acres of land in the Astrakhan area in Russia, where it produces Wheat and ships it back to Iran. Good deal.

For sure Russia is a good country for producing agriculture products.
Mr Abdolahian recently was in south American countries such as Venezuela and Cuba and I think both of these countries have no shortage of water.I wonder if our top diplomat has similar plans to expand our relationship with them.

 

[Stryker1982]

Don't know about Astrakhan, but a deal was signed for extra-territorial cultivation in the federate Republic of Bashkortostan, which is located in Central Asia, more to the northeast.

Russia’s Bashkortostan Welcomes Iran for Extraterritorial Cultivation

Russia’s Bashkortostan Welcomes Iran for Extraterritorial Cultivation May 18, 2022 - 13:57 TEHRAN – Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) hosted a meeting with a trade...

defence.pk

The 1979 Islamic Revolution turned Iran into a global agricultural giant - whilst the sector used to be in a truly dire situation under the previous regime, the toppled Pahlavi monarchy, especially after the failed agricultural reforms it launched in 1963. In post-Revolution Iran, authorities immediately turned their focus on fixing the agriculture thanks to fruitful initiatives such as the establishment of the Jahāde Keshāvarzi (Agricultural Jihad) institution. And agriculture is the basis for sound and sustained industrial development (at least in a country with the general characteristics of Iran).

This is despite attempts by liberal administrations since the 1990's to implement hazardous measures derived from the so-called "Green Revolution" theory which Rockefeller-funded NGO's and authors like Norman Borlaug have actively been advocating across the global south. Under Rohani we even witnessed attempts to generalize GMO crops in Iran, namely by officials such as Kaveh Madani, who left the country after being briefly detained under the suspicion of having links to the environmentalist espionage ring. Another former official pushing for similar policies is Isa Kalantari, Rohani's head of the Department of Environment. Luckily, these have been kept in check to an extent thanks to the security apparatus.

The issue of resource scarcity is vastly exaggerated by certain circles (including Kalantari) which do not want Iran to continue along the path of self-sufficiency and independence from the west. As well as by a small group of capitalists who strive to open up the Iranian economy far more, so that they can keep maximizing their own profits on the back of ordinary and working class Iranians beyond what they're doing already (and thereby causing a measure of social dissatisfaction exploited by Iran's existential enemies, as experienced with a number of riots in recent years).

I may have mixed up the news about the Port of Astrakhan deal with this one.

 

[OldTwilight]

Well Raisi managed to glorify Rouhani government in less than 2 years .... It's quite an achievement

 

[Cancerous Tumor]

Iran starts preparations for dairy exports to Japan ​

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.

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.