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305M for Unemployment Fund a Total of 26.33 Million Tons of Goods Worth 1,691 Trillion Rials He Government Will Allocate Labor and Social Welfare Said

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305M for Unemployment Fund a Total of 26.33 Million Tons of Goods Worth 1,691 Trillion Rials He Government Will Allocate Labor and Social Welfare Said Iran Corona Cases HRW Calls for US Cross 60,000 SSanctionsanctio Relief to Help Iran’s tally of coronavirus cases crossed 60,000 Iran’s COVID-19CO Response on Monday, as the country witnessed its seventh The Human RightsRights Watch on Monday called on the consecutive day of declining totals. Iran reported 60,500 UnitedUnited StatesStat to ease its sanctions on the infections, up by 2,274 from the previous day and 136 Iranian economy to facilitate the country’s more deaths, bringing the national total to 3,739, Health adequateadeq response to the mounting Ministry Spokesman Kianoush Jahanpour was quoted healthhealt consequences of the coronavirus as saying by ISNA. 2 pandemicpan (COVID-19). 2 APRIL 7, 2020 7TH YEAR NO. 1567 8 PAGES FARVARDIN 19, 1399 USD 163,000 Rial EUR 176,000 Rial GBP 201,000 Rial AED 44,000 Rial JPY 150,000 Rial CNY 23,000 Rial Coin 64,080,0004,0800088 ,0000000 RialRiaiaal PRICE 50,000 RIALS TUESDAY SHABAN 13, 1441 1.00 EURO 4.00 AED Corona Job Losses IME Thrives With $10.5 Billion Trade The value of trade at the Iran Mercantile Exchange spot market increased 56% during the last fiscal year that ended in March $305m for Unemployment Fund A total of 26.33 million tons of goods worth 1,691 trillion rials he government will allocate Labor and Social Welfare said. bureaus," Masoud Babaie added. and are subject to the provisions of the ($10.5 billion) were traded via the exchange last year, which was 50,000 billion rials ($305 million) to “To prevent the spread of the virus, “As per a joint guideline signed by Islamic Republic of Iran Labor Law, the a 6.1% hike in volume compared to the earlier year. Unemployment Insurance Fund to applicants are urged to fill out online forms for the Cooperatives Ministry and the Social Social Security Act and the Unemployment Spot markets trade accounted for 1,376 trillion rials ($8.6 support those who have lost their unemployment benefits at the newly-designed Security Organization on March 30, workers Insurance Law will qualify to receive billion) of the deals, IRNA reported, citing IME data. T Goods, including industrial products and commodities, gold, jobs amid the outbreak of coronavirus, an website 'bimebikari.mcls.gov.ir' within 30 days, of 10 job groups and economic subsectors unemployment benefits for three months,” future contracts, petrochemicals and agricultural products are official with the Ministry of Cooperatives, rather than going personally to the ministry’s that have been hit by coronavirus outbreak he was quoted as saying by IRNA. 4 traded via the IME spot and derivatives markets. 6 Economic Challenges in New Year Iran’s economy will face eight main challenges in the new Iranian year that started on March 20, according to the Ministry of Economic Affairs and Finance. As reported by Fars News Agency, the most biting of these challenges is the escalation of US sanctions and depletion of Iran’s foreign exchange reserves, combined with economic losses resulting from coronavirus outbreak and disruptions caused to businesses that would lead to leaner tax revenues. The Iranian New Year holidays ended on April 3, but many businesses remain shut as virus infections are on the rise. The outbreak is overshadowing almost all aspects of Iran’s economy, from production to trade. Low-risk businesses are scheduled to resume activities starting April 11 in all provinces, except Tehran that can follow suit on April 18, President.ir reported on Sunday. High-risk workplaces, including swimming pools, sports centers or any place of gathering, will remain closed until further notice. 5 With Corona Around CBI Eases Rules for Bad Checks The Central Bank of Iran said Monday it was exempting for three months checkbook holders with bounced checks from some of Iranian Ports Handled rules that govern bounced checks. Accordingly, those who issue checks with non-sufficient funds 140m Tons of Goods Last Year in their accounts and whose checks mature from Feb.21 to May 20 will be exempt from penalties that restrict their access to banking services, such as getting new checkbooks, IBENA reported. Over half of Iran’s commercial trading is carried out via Shahid Rajaee Port. The move is in line with other government measures to aid businesses that are hit hard by the impact of the coronavirus. More than 139.65 million tons of commodities Latest figures published on the Ports and to oil products, indicating a 0.7% increase 31.15 million tons were imported during the 6 were loaded and unloaded at Iran’s 21 Maritime Organization of Iran’s website show YOY. period, showing a 10.28% and 13.92% growth commercial ports during the last Iranian year non-oil goods accounted for 95.48 million tons Container loading and unloading declined respectively YOY. Taliban Warn Deal With US in (March 2019-20) to register a meager rise of the total throughput, showing a 0.08% year- by 35.95% to stand at 1.38 million TEUs. A total of 3.85 million tons of goods were of 0.17% compared with the corresponding on-year growth. Around 69.65 million tons of commodities transited through these ports during the same Afghanistan Near Breaking Point period of last year. The remaining 44.16 million tons pertained were exported from the ports under review and period to register a 41.71% YOY decline. 4 The Taliban has said the deal with the United States aimed at bringing peace to Afghanistan was nearing a breaking point, accusing Washington of violations that included drone attacks on civilians, while also chastising the Afghan government for delaying the release of 5,000 Taliban prisoners promised in the Mankind has entered a stage of quiescence extremely harmful. agreement. Singapore Offers Coronavirus Era unprecedented in modern history: Factories Society is globally embarking on a new The Taliban said it had restricted attacks against Afghan have ceased to operate; highways are free experience that will have a profound moral security forces to rural outposts and had not attacked 3rd Stimulus A Wake-Up Call from traffic jams; flocks of planes have stopped and philosophical impact on generations to international forces or Afghan forces in cities or military flying; the sky is clearer than one could have come, especially if this period of serenity Package for Global installations. ever imagined; and frenzied cities have taken and reflection extends for additional Singapore on Monday announced It warned of more violence if the US and the Afghan on the tranquility of the countryside. months. Was our previous way of life another 5.1 billion Singapore dollars Consumerist Culture government continue alleged violations of the deal, adding that This hibernation-like state did not come responsible and conscientious? Was the ($3.6 billion) in stimulus to soften the continued violations would “create an atmosphere of mistrust that The world had grasped the arrival of the in response to the world’s fuming students in unruly consumption culture and excessive economic damage from the ongoing will not only damage the agreements, but also force mujahidin to new status quo before London’s Economist 2019, calling for action against climate change, production useful? coronavirus outbreak. a similar response and will increase the level of fighting”. magazine announced it in the third week of nor is it due to international covenants calling for Consumers have swiftly discovered that That’s the third stimulus package March, with a cover depicting the globe hung a halt to ecological tampering and a reduction in life is possible without many of the brands that that Singapore has announced since Gold Will Thrive as with a banner reading “Closed”. carbon dioxide emissions. have long dominated the markets, billboards, the outbreak. Together with the People have had to adapt to this new reality The era of coronavirus has forced televisions and internet banners. previous two packages, the Southeast Money Par Excellence since the Covid-19 outbreak was deemed a humanity to give up an excessively The world needs radical reforms in terms Asian country has set aside 59.9 More and more financial experts are standing behind gold’s role pandemic, Middle East Eye reported. consumerist lifestyle that has become of its production and consumerist culture. billion Singapore dollars ($41.7 in an upcoming economic turmoil. The merits and safe-haven billion), accounting for around 12% of status of the precious metal are aligning popular beliefs that it will the country’s gross domestic product, outperform most (if not all) financial assets in the next few years. CNBC reported. Whether or not the COVID-19 is the only reason why most The latest stimulus was planned to India Closes Railways for Abe Announces $1 Trillion financial markets are tumbling is still disputable, news wires help businesses and households tide reported on Sunday. However, the fact is that equities, oil, and through the coming month, during which First Time in 167 years Corona Stimulus Package yes, the cryptocurrency market, plunged hard in the past month. stricter social-distancing measures— Even though there are some signs of recoveries, world-renowned which include closing schools and When Prime Minister Narendra Modi imposed a nationwide Japanese Prime Minister Shinzo Abe said Monday the economists and experts are rallying up to predict that doomsday shutting workplaces temporarily—will lockdown on March 25, Indian Railways took the unprecedented government plans to declare a state of emergency and proposed is still upon the global economy. kick in starting Tuesday. move of suspending passenger trains across the country until a stimulus package worth $1 trillion as new coronavirus infections Amid this comes gold.
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