Out of currency devaluation comes….transparency?

October 13, 2018

Whilst the Iranian rial (IRR) has been hammered over recent weeks following the US withdrawal from the nuclear deal, the Iranian government has tried to reassure the public that it has no shortage of foreign currency.  In response it has been offering foreign currency based on a US dollar rate of 42,000 IRR – nearly […]

A tough road ahead for European companies in Iran

June 5, 2018

With European companies scrambling to adjust to America’s unilateral withdrawal from the Iran nuclear deal, some major businesses have already declared that they are ready to exit Iran if they do not secure sanctions waivers from the US.  European leaders for their part have harshly criticised Trump and reaffirmed their support and intention to uphold […]

2017 in review – ClarifiedBy Diligencia (Part 2)

December 29, 2017

In our last post we focused primarily on Saudi Arabia and the impact of its domestic and foreign policy agenda over the course of 2017.  We now turn our attention to another major regional power, a country which has also had an eventful year. Iran 2017 in Iran was a story of two elections – […]

Charitable foundations or conglomerates? – Iran’s bonyad system

November 16, 2016

Bonyads (charitable foundations) are at the centre of Iran’s informal social welfare system. They are significant to Iranians, particularly the retired and war-wounded, as providers of social support. However, they are of further significance, both inside and outside the country, as major players in the Iranian economy. Bonyads may even account for some 30-40% of […]

What are Saham-e Edalat? A glimpse into the process of Iranian ‘cooperativisation’

October 4, 2016

The Justice Shares (saham-e edalat) scheme is one of the more mystifying examples of Iranian government bureaucracy. Designed in the early 2000s by the populist Ahmadinejad government, the scheme was designed to allow the transfer of shares in Iranian state-owned enterprises to low income families, while expediting privatisation, and giving a highly desirable injection of […]

Iran – sealing the deal

January 19, 2016

On Saturday the first concrete steps were taken to rehabilitate Iran in the global economy, when it was announced that many of the international sanctions gradually imposed on the country over the last 15 years or more had been lifted. In a move that has taken many by surprise in how quickly it has come […]