June 15, 2019

Economic Recession of Summer in iran

 

Usually the first three months of each year the situation in market of Iran is not so good because of increasing purchases in Nowruz holidays and a decreasing in financial liquidity, but this year is different.

The high prices of goods, the drop in the purchasing, and 50% increase in inflation compared to last year are the features of spring 2019, the season of high prices.

On the other hand, manufacturers are also faced with problems in foreign currency exchange, supply and demand for currency, and despite the Nima system, all manufacturers claim that they provide their raw materials with free currencies. The exchange rate fluctuates, and at the moment there is no news of fixing the prices.

It was supposed to stabilize the exchange rate through a currency-based market, which has faced some problems with the Iran’s petrochemical industry embargo.

Manufacturers sell their goods without permission or license, and no control is given by the supervisory authorities. People are spending their spring time in this situation. Although analysts consider Shinzo Abe’s meeting with Hassan Rouhani as the start of economic developments in Iran, the market is also waiting for the outcome of this meeting.

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