VOL.XXXVI

NO.50

13-SEPTEMBER-1993

Financial and Banking News

BUDGETS AND REVENUES

IranRaises Telephone And Gas Prices

Iran is to raise telephone charges and the price of bottled

gasby50%,buttherewill be no other price increases during the present Iranian year,whichends in March 1994.

The new telephone charges will apply from 23 September. The newprice for an 11kg bottle of gas will be IR500 ($0.30).

Last month medicine prices were increased by 65%. Air fares are also set to rise because the...