VOL. XXXIII

NO.18

5-FEBRUARY-1990

Financial and Banking News

Budgets & Revenues

Iranian Five-Year Plan Approved, Borrowings Begin

Iran's Council of Guardians last week approved the government's five-yearplan, which has been debated since late last year (MEES, 11 December 1989). TheCouncil, whose task it is to vet legislation and ensure that it conforms toIslamic law, had held up the Plan for a week over a clause which forbade anychange in the use of agricultural land - which it deemed to...