Economy + Policy E1:R6

◢ Iran's parliament has approved a budget amendment design to help the government pay-off long standing debt, now at IRR 6 quadrillion.

◢ Concerns linger that the amendment, which had been rejected four times, will create inflationary pressure by expanding the money supply. 

Financial Markets E1:R7

◢ Iran's capital markets have been competing with attractive bonds for investor liquidity, but dropping inflation rates should bring demand back into the TSE

◢ As expected, the USD/IRR exchange rate has stabilized around 35,000 as speculation subsides following increased measures by CBI towards rate unification. 

Financial Markets E1:R4

◢ The markets have regained momentum with investors reacting positively to plans to lower the bank lending rate to 10% this Iranian calendar year 

◢ Iran's financial markets regulator, the Securities and Exchange Organization, has a new head, widely respected by investors 

Economy + Policy E1:R3

◢ As inflations reaches all-time lows, money supply continues to rise, but CBI governor Seif remains confident that the economy is not overheating 

◢ Parliament has blocked a critical budget amendment devised by the Rouhani administration to pay government debts and address the country's credit crunch