Ahmad Alavi is an economics professor in Sweden and a contributing analyst for Radio Farda.
The official unemployment rate has reached 27 percent among young Iranians and over 40 percent among university graduates, says Omid Ali Parsai, chairman of the Iranian Statistical Center.
As the Iranian budget is submitted to parliament, few expect full clarity and transparency in the budget approval process this year.
Iran might grumble about having nothing to gain from the nuclear deal, but leaving it would present more challenges.
Abdolnasser Hemmati, governor of the Central Bank of Iran (CBI), has claimed that the second round of U.S. sanctions against Iran's oil exports and international banking operations would be ineffective. Economic realities, however, paint a gloomier picture.
The exchange rate for the US dollar against the Iranian currency, tuman, rose to a record high on March 13 as attempts by the Central Bank of Iran during recent months to defend the local currency appear to have failed.
Iranians voiced their dissatisfaction with declining purchasing power in protests that swept the country recently, and lawmakers have responded by promising a pay rise for some government employees
The value of the Iranian rial has again dropped in recent days, reaching a new record low for the national currency.
In recent weeks, Tehran’s foreign exchange and gold markets have experienced instability as the local currency has declined in value and the price of gold has risen.
The 21st National Conference on Industry and Mines took place on July 8, to assess Iran’s industrial performance and how to improve it, writes Radio Farda economy analyst Ahmad Alavi.
