Financial and Banking News
BUDGETS AND REVENUES
Iranian Budget Makes Optimistic Projections on Oil Revenues
The Iranian budget for the year beginning 21 March 1993 (Iranian year 1372)goes most of the way towards abolishing the country's grossly unrealisticexchange rate, which has bedeviled its economy in recent years. Nevertheless,this bold move in the direction of much-needed economic reform cannot disguisethe fact the budget is based on a view of oil revenues...