No. 50



Nourbakhsh Says Inflation And Debt Problems Are Under Control

The Governor of the Central Bank of Iran, Dr. Mohsen Nourbakhsh, said last week thatthe two major problems of the Iranian economy during the past two years - inflation anddebt - had been solved. In an interview in Tehran with Reuters on 11 December, Dr.Nourbakhsh said that the real level of inflation in the Iranian year 1376, which began on21 March 1997, was 17.6% compared to 23.5% in the previous...