VOL. XXXVII

NO. 2

11-OCTOBER-1993

Financial and Banking News

BUDGETS AND REVENUES

Next Iranian Budget To Assume Oil Price of $15.50/B

The Iranian budget for the year beginning 21 March 1994 will assume an oilprice of $15.50 per barrel, according to Mr. Massoud Roghani Zanjani, the headof the nation's Plan and Budget Organization. The budget for the present yearassumes a price of $17/B, although the Central Bank bases its calculations on$16.5/B. A price of $17/B would trans- late into a price for...