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Iran Economy - Page 3

Iranians Abandon Meat for Bread as Rial Drop Fires Protests:

Iran's freefalling currency is turning meat into a luxury, sparking overnight price surges and spurring shoppers to stockpile goods. Ref. Source 9

Economy Iran

Iran bans luxury imports

Sanctions-hit Iran has banned the import of foreign-made cars, laptops, and other 'luxury' goods in the hope of saving billions of dollars in hard currency, a state-owned newspaper reported Thursday. Ref. Source 7

Iran Economy History & Civil Business Politics

Iran oil exports 'plunge 40% in nine months':

"There has been a 40 percent decrease in oil sales and a 45 percent decrease in repatriating oil money," Qasemi told the Iranian parliament's budget commission, according to the ISNA news agency citing MPs. Ref. Source 4

Page 3 Economy Iran

Iran annual inflation hits 27.4 percent:

Iran's central bank says the annual inflation rate hit 27.4 percent at the end of 2012, one of the highest rates ever quoted by Iranian authorities. Ref. Source 4

Economy Iran

Iran boosts export muscle with new oil tankers:

Iran has taken delivery of several new tankers from Chinese shipyards, giving it greater flexibility in maintaining oil exports in the face of Western sanctions. Ref. Source 7

Iran Economy

The Counterproductive Effects of Leveling Sanctions on Iran

The U.S.-sponsored sanctions dramatically debilitated Iraq's economy. UNICEF, for example, contends that the sanctions led to the deaths of over a million Iraqis, including more than a half million children. We face the same risk today in Iran as we faced in Iraq. Ref. Source 8

Iran Economy - Page 3

India to create multi-million-dollar fund to insure Iran crude imports:

The measure comes after two major Indian oil refineries, said they had difficulty purchasing 100,000 barrels of Iranian oil on a daily basis and would be forced to halt imports from Iran because of insurance problems stemming from US-led sanctions against Tehran. Ref. Source 1

Iran Economy Politics Business Civil & History - Page 3

Why Washington Fears Iran:

According to results of a Gallup poll in February, 85 percent of Iranians claim sanctions have hurt their livelihood either "A great deal" Or "Somewhat." But 70 percent of those polled blame external parties (the US, western European countries, Israel, and the UN) for this suffering; remarkably, only 10 percent blame their government and their leaders. Ref. Source 3