NO. 39


Financial and Banking News

Financial Policy

Iran Estimates Losses from Eight Year War, and Links Compensation toReturn of Iraqi Aircraft

Iran's Plan and Budget Organization recently estimated the country's directlosses as a result of the war with Iraq at IR30,811bn. Indirect losses, such asunder use of production capacities, was put at IR34,542bn. Conversion of thesefigures into meaningful dollar equivalents is impossible because Iran usesvarious official exchange...