NO. 47


Financial and Banking News

Budgets & Revenues

Iran Records High Growth and Lower Inflation in Last Financial Year

Iran's GDP measured in constant prices rose by 10% in the year to 20 March1991 (the Iranian year 1369), according to Central Bank Governor Mohammed Adeli.Inflation during the same period was 9%, he says. In an interview in Tehran on13 August, Mr. Adeli noted that the budget deficit for the year had beenIR675bn, compared to IR1,142bn in the previous...