Iran plans asset sales and subsidy reforms
The article by the Iranian Central Bank discussed how the government is considering measures to compensate for the decline in oil revenues resulting from U.S. sanctions. These measures include selling government assets to local investors and reforming the energy subsidy system, which could increase living costs for certain groups. The actions also focus on listing companies on the stock exchange and selling other non-oil assets to diversify revenue sources, while continuing to support basic goods through a voucher system. Despite significant economic pressures, officials emphasized that the success of these policies lies in avoiding a financial collapse, even as the rial continues to depreciate, gross domestic product declines, and inflation reaches 90%. Additionally, imports have decreased, and it has become more difficult to impose resources from oil due to the halt of maritime shipments. The currency’s value continues to deteriorate, and inflation remains high.
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