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Iranian President Hassan Rouhani appealed to the International Monetary Fund to defy U.S. resistance and grant the country a $5 billion loan.

Iran has signed a two-year contract with Iraq to export electricity to the neighbouring country, Energy Minister Reza Ardakanian said.

The Central Bank of Iran will hold its first auction of government bonds on Tuesday. It has asked banks to place buy orders for the «Murabeha bonds» on the interbank trading platform. 

The Tehran Stock Exchange’s main index of shares exceeded one million points for the first time on Saturday, extending the record highs reached as the benchmark more than doubled since Iran’s first recorded Covid-19 case.

The Iranian deputy minister of agricultural jihad stressed on the necessity of handing over cotton and oilseeds plants to the Union of Agricultural Cooperatives of Cotton and Oilseeds In order to help boost domestic production in the country.

Trade between Iran and EU member states during January-February stood at €787.66 million to register a 9.17% increase compared with the similar period of 2019, latest data provided by the European Statistical Office show.

Josep Borrell, the EU's foreign policy chief, criticized the U.S. for blocking an Iranian request for a loan from the International Monetary Fund.

The Foreign Minister of Germany said that new transactions using the EU-Iran trading mechanism INSTEX, designed to allow Europeans continue trade with Tehran without breaking US sanctions, is underway soon.

Iran has seen a nearly two-fold increase in its exports of sponge iron, a raw material mixed with scrap metal to produce steel, despite a 10-percent tariff imposed on the shipments last year.

Iran’s central bank governor urged the International Monetary Fund to resist U.S. pressure and approve its application for financing to help bridge a 10 billion-euro ($10.9 billion) deficit as the country’s sanctions-hit economy struggles to cope with the coronavirus pandemic.