Tag Archives: Iran’s Resistance Economy

Iran moves away from US dollar in foreign trade

Iran is stopping mutual settlements in dollars with foreign countries and agreements on bilateral swap in new currencies will be signed in the near future, the Central Bank of Iran (CBI) has said.

“In trade exchanges with foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won,” Gholamali Kamyab, CBI deputy head, told the Tasnim state news agency. Continue reading Iran moves away from US dollar in foreign trade

Iranian Researchers Unveil New UAV

TEHRAN (FNA)- Iranian researchers unveiled the world’s smallest drone, ‘Soleiman (Solomon)’ which can be used for both civilian and military missions, including wiretapping.

“The drone can be used for a wide variety of missions, including magnifying and reinvigorating communication signals, tracking enemy signals and wiretapping, electronic warfare, marine patrol and surveillance, jamming radars, aerial mapping and cartography, forest preservation, etc.,” Director of Soleiman Project Marziyeh Ehterami said in the Western province of Lorestan on Sunday.

She added that the drone can also carry loads lighter than 33kg.

Continue reading Iranian Researchers Unveil New UAV

East Caspian railway project proves futility of sanctions against Iran

A senior Iranian official says the East Caspian Sea railway project between Iran, Turkmenistan and Kazakhstan will prove that sanctions against Tehran have failed to affect the Islamic Republic’s ties with regional countries.

“The inauguration of this huge project will prove that cruel international and unilateral sanctions [against Tehran] have had no impact on regional countries’ desire for the expansion of cooperation with Iran,” Presidential Office’s Deputy for Communications and Publicity Parviz Esmaeili said on Monday.

He added that the Islamic Republic’s strategy is based on multilateral cooperation with the purpose of improving regional security. Continue reading East Caspian railway project proves futility of sanctions against Iran

Russia to give grain to Iran in return for oil

Russian Economy Minister Alexei Ulyukayev says Moscow plans to sign contracts with Iran to start delivering grain and industrial products to Tehran in return for oil.

“This question was raised. It will affect not only grain, there are broad lists of goods,” Ulyukayev told reporters in Tehran on Sunday, referring to his meeting earlier in the day with his Iranian counterpart, Ali Tayyebnia.

He hoped a deal could be reached in this regard in the near future, adding that the central banks of Russia and Iran are working on ways to start making payments in the two countries’ national currencies and preparatory work has already begun to achieve this goal. Continue reading Russia to give grain to Iran in return for oil

Official: Russians Willing to Boost Investment in Iran

TEHRAN (FNA) – Russian investors have shown interest in joint ventures in Iran’s industrial and construction projects, a senior industry official said.

“Russian tradesmen are ready to make investment in industrial machinery, road building and railway sectors in Iran,” Head of the Russian Railway Association Yuri Bosin said in Hamedan city, Western Iran, on Thursday.

He pointed to Russia-Iran cooperation in the field of railway development and infrastructures, and said, “A memorandum of understanding (MoU) has been signed with an Iranian company on development of Iran’s railway network.”

Continue reading Official: Russians Willing to Boost Investment in Iran

Iran Joins Interexchange Electronic Union

by Saman Kojouri, Press TV

Iran’s membership in the Interexchange Electronic Union; Iran has joined the interexchange electronic union which brings together the mercantile exchanges of the Commonwealth of Independent States (CIS) and Eastern European countries.

Iran’s membership was announced at the second meeting of the interexchange Electronic Union held in Tehran. The IEU had earlier requested the membership of Iran’s Mercantile Exchange in the union. The event is considered as a turning point in the history of Iran’s capital market. Continue reading Iran Joins Interexchange Electronic Union