{"id":6111,"date":"2018-11-13T04:42:51","date_gmt":"2018-11-13T04:42:51","guid":{"rendered":"http:\/\/en.azpar.com\/?p=6111"},"modified":"2018-11-14T04:46:55","modified_gmt":"2018-11-14T04:46:55","slug":"imf-predicts-new-figures-for-iran-economy","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=6111","title":{"rendered":"IMF predicts new figures for Iran Economy!"},"content":{"rendered":"

Market News<\/h2>\n

\u2013 The newest IMF predictions on Iran Economy suggest an economic growth of -1.5% and -3.6% for the current year and next respectively. This is while the figures for inflation have predicted to be around 29.6% and 34.1% for the same period. IMF tells that the US sanctions will grow the global crude prices higher in short-term, however, the OPEC overproduction along with the US\u00a0shale oil in the market will reduce long-term anxieties.<\/span><\/p>\n

\u2013 New reports by CBI on\u00a0Iranian Banks\u2018 balance sheets show that the pace of \u201cmoney supply\u201d growth has finally\u00a0taken a downturn and reduced slightly on the month of Shahrivar (Aug-Sep 2018). While a huge part of money supply growth was because of banks\u2019 overdrafts during the first 5 months of 1397 (2018\/19) topping IRR 1,360 bn (USD 32.38 mn \u2013 USD\/IRR 42,000) per day, however, this figure for the mentioned period lowered as IRR 800 bn (USD 19.05 mn).\u00a0\"\"<\/p>\n

Source:\u00a0Donya-e-Eqtesad<\/em><\/p>\n

\u2013 Rumours\u00a0have that\u00a0in a meeting held between the chair of CBI and the new minister of industries and mine, a new directive has been ratified easing the import\/export FX translation process. Previously, all exports were obliged to bring their\u00a0FX revenues to the\u00a0NIMA platform\u00a0which was considered as a barrier for\u00a0SME\u00a0exporters. Now it seems that the lawmaker is to change its attitude towards the nation\u2019s\u00a0FX revenues\u00a0and loosen up the environment in a way that benefits all economy participants. The below chart shows the proposed idea:<\/p>\n

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In the Market<\/h2>\n

Stocks performed moderately higher in a shaky\u00a0session as retail investors\u00a0stayed mostly in cash for the next big IPO of Iran Fara Bourse this year scheduled for the next Saturday.\u00a0TEDPIX (+0.55%)<\/strong>\u00a0jumped slightly higher to stand one level higher on the 183K band while\u00a0IFEX (+0.38%)<\/strong>rebounded on thin ice.<\/p>\n

Agah analysis of individuals\u2019 activity shows in spite of the fact that withdrawal trend stopped the other session, yet no fresh money has been injected into market still. A closer look at listed tickers tells that a U-turn is happening\u00a0between Iran Capital Market industries. The not so much popular\u00a0Auto (+0.77%)<\/strong>\u00a0sector is now on investors radar as there are high posibilities of a\u00a0price hike. Most of the sector\u2019s components ended the day in good green, however, closing the end sale pressure felt more.<\/p>\n

The anticipations of are\u00a0FX regime<\/strong>,\u00a0to be read on \u201cMarket News<\/em>\u201d section, for exports made small to mid-sized industries more interesting for market participants now mostly due to the fact that there will be no\u00a0NIMA platform<\/strong>\u00a0rate restrictions and export-based companies\u2019 can translate their currency revenues on a\u00a0free market FX rate<\/strong>. This could bring up these tickers profitability and urge them to seek new export routes in the age of sanctions.<\/p>\n

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Source:<\/em><\/p>\n

2018, IMF predicts new figures for Iran Economy!, Monday, Nov 13, p.1,<https:\/\/agahgroup.com><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Market News \u2013 The newest IMF predictions on Iran Economy suggest an economic growth of -1.5% and -3.6% for the current year and next respectively. This is while the figures for inflation have predicted to be around 29.6% and 34.1% for the same period. IMF tells that the US sanctions will grow the global crude […]<\/p>\n","protected":false},"author":4,"featured_media":6112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28],"tags":[],"class_list":["post-6111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news"],"_links":{"self":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/6111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6111"}],"version-history":[{"count":3,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/6111\/revisions"}],"predecessor-version":[{"id":6116,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/6111\/revisions\/6116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/6112"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}