VOL. XXXIII

NO. 10

11-December-1989

Financial and Banking News

Budgets & Revenues

Iran Allocates $119bn Forex Spending until 1994

Details of Iran's 1989-94 Plan, which has been restructured by the newGovernment of President Rafsanjani and parts of which have been recentlyapproved by the Majlis (parliament) Plan and Budget Committee have beenpublished in the local press and show that total foreign exchange spending of$119bn is envisaged over the next five years. Despite the President's assertion...