Sputnik - As US economic sanctions on Iran loom, Irans currency faces inflation, with the rial having lost half its value in recent months. However, the currency question is mostly psychological, an Iranian professor told Radio Sputnik Tuesday, because it opens new prospects for trade and the government can blame the inflation on the US. Tensions ...

Irans Auto Importers Association announced that the recent report about lifting the ban on luxury cars has been misinterpreted. According to the director of the organization, Maysam Rezaei, the new court ruling only applies to cars that have entered the country before the imposition of the ban on imported cars with engines over 2.5 liters. Fars ...