VOL. XXXII

NO. 40

10-JULY-1989

IRAN

Iran's Cooperation Agreement with USSR Worth $16bn

Iran's Finance Minister, Mr. Mohammad Javad Iravani, has made it clear thatthe figure of more than $6bn which he gave last week as the value of theprojects included in the economic cooperation agreement recently concludedbetween Iran and the Soviet Union refers only to hard currency requirements,and that if local currency costs are taken into account the figure more thandoubles. Mr. Iravani told the official ...