VOL. XXXII
NO. 45
14-AUGUST-1989
Financial and Banking News
BUDGETS AND REVENUES
Iran's Imports to Absorb 50% of Foreign Earnings
According to the Governor of the Central Bank of Iran, Mr. Majid Qassemi,Iran will spend $4.8bn, or half its total foreign exchange earnings, on importsof food and consumer goods in the fiscal year which started on 21 March. He alsosaid that the foreign exchange situation in Iran has improved substantially,without giving an exact figure for reserves. However Iran's...
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