VOL. XL

No. 11

17-March-1997

IRAN

Nourbakhsh Sees 5% Growth In Iran's GDP In 1996-97

The Governor of the Central Bank of Iran, Dr. Mohsen Nourbakhsh,said last week that Iran's gross domestic product (GDP) will grow by 5% in the currentIranian year to 20 March 1997 and that its foreign currency reserves will rise by $2.5bn.In the year to 19 March 1996 reserves stood at $3.65bn. Speaking on a visit to Tokyo, Dr.Nourbakhsh estimated Iran's trade surplus in the current year at $5bn, down from...