Iran plans asset sales, subsidy reforms

Iran is studying the implementation of a set of measures to compensate for losses in its oil export revenues caused by the U.S. maritime blockade, including the sale of large government assets such as companies and various sectors. Additionally, there are plans to reform the energy subsidy system, which could increase costs for some consumers. Despite economic pressures, the Central Bank governor confirmed that Iran is avoiding a financial collapse, and there have been improvements in inflation over the past three months, even though the value of the rial has deteriorated, reaching its lowest levels against the dollar. The rial has lost around 80% of its value since the start of the war, with inflation rising close to 90% annually. The country faces significant challenges due to weak oil exports and declining revenues, but authorities are working to bolster non-oil sources of income. They are also attempting to improve market conditions and avoid an economic collapse through limited fiscal and monetary policies, despite ongoing sanctions and the difficult economic situation.

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