VOL. XL No. 1728-April-1997IRANNourbakhsh Says Iranian Inflation Rate Drops To 17.4%

In 1996-97 The Governor of the Central Bank of Iran, Dr. Mohsen Nourbakhsh, said lastweek that inflation in the year to March 1997 had fallen to 17.4%, one-third the figurefor the previous year. Iran has been suffering from high rates of inflation in recentyears as a result of the sharp depreciation in the value of the Iranian riyal. The CentralBank has estimated average annual inflation between 1989-90 and...