Middle East Economic Survey

VOL. LI

No 1

7-January-2008

IRAN

Irans Forex Reserves Estimated At $60Bn

Irans foreign exchange reserves amount to $60bn, Minister of Economic Affairs and Finance Davoud Danesh-Jafari announced on 2 January. In December the Director of International Affairs at the National Iranian Oil Company (NIOC) Hojjatollah Ghanimifard said oil revenue in the first 11 months of the year totaled $52bn and exports were averaging 2.4mn b/d, although they fluctuate from month to month....