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Program summary: Iran IRINN TV economic news, Oct. 18

Business Materials 18 October 2017 20:38 (UTC +04:00)

The following is a numbered list of news on latest economic developments in the Islamic Republic of Iran, as of 12:00 GMT, Oct. 18, on IRINN TV.

1. 12:03 GMT – Governor of the Central Bank of Iran Valiollah Seif has said that no unauthorized financial institution exists in the country.

2. 12:05 GMT – Iran’s insurance sector has grown by 20 percent over the first half of the current year, the industry regulator said.

3. 12:05 GMT – Report on the prices of gold in the Iranian market. Gold coin was traded at 13,077,000 rials (about $325.5 according to the currency rate in free market) on Wednesday. One gram of the 18-karat gold was priced at 1,227,000 rials (about $30.5).

4. 12:06 GMT – Report on the rate of foreign currencies in the Iranian market. Euro valued 47,387 rials in the free market. The US dollar was traded at 40,175 rials.

5. 12:06 GMT – Report on the performance of Tehran Stock Exchange (TSE). The main index of TSE posted 85768.

6. 12:07 GMT – Report on the construction of a dam in northwestern Iran.

7. 12:08 GMT – An exhibition on stones has been held in the central city of Mahalat.

8. 12:10 GMT – The value of the country’s exports of petrochemicals in the first half of the current fiscal year (started March 20) reached $5.5 billion.

9. 12:12 GMT – Iran has exported about one million tons of dairy products over the current year.

10. 12:12 GMT – Farmers in the northern province of Mazandaran have started forage harvest.

Source: State-owned news channel IRINN, Tehran, in Persian

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