NO. 11


Financial and Banking News

Budgets & Revenues

Iran Recorded Current Account Deficit Of $7,909mn In 1991, Says IMF

Iran had a current account deficit of $7,909mn in the year beginning 21 March1991, far higher than in recent years. New figures published by theInternational Monetary Fund (IMF) show that the shortfall was due to a hugeincrease in merchandise imports, which rose by 36% over the previous year. Iranhad been able to keep its trade balance under...