Financial and Banking News

Budgets & Revenues

Nourbakhsh Estimates Iranian Oil Revenues At $14Bn This Year

Iran's oil revenues in the year to March 20 1995 (the present Iranian year)will be around $14bn, according to Mr. Mohsen Nourbakhsh, the Governor of theCentral Bank of Iran. The budget for the present year projects oil revenues at$10.15bn. Total revenue and expenditure was set at IR69,770bn, equivalent to$39.9bn at an exchange rate of $1=IR1,750. When...