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Exchange rate for importing basics remains unchanged

reporter 1222 — Sun, 24 Nov 2019 08:59:26 +0000

TEHRAN (Iran News) – Head of Plan and Budget Organization of Iran said Sunday that Iran’s budget for the next fiscal year still defines the exchange rate for importing basics remains at 4200 tomans to $1.

Mohammad Bagher Nobakht said the draft of the country’s budget for the next fiscal year was submitted to the government on Sunday.

He dismissed rumors that the government was going to increase the exchange rate for importing basics at 42000 rials to $1 by unifying the official and the free market rates in the next year’s budget, adding “Mr. President has ordered that all basic and staple goods for the next year be imported with the official exchange rate of 42000 rials.”

He then stressed that the country is in good conditions regarding its foreign exchange reserves.

Nobakht said that the Budget Bill for the next Iranian calendar year (to start March 21, 2020) will be submitted to the Parliament (Majlis) on Dec. 6.

In response to the question on “how many crude oil barrels will be exported from the country according to 2020 Budget Bill and/or whether $14 billion worth of budget will be considered again for importing basic commodities into the country”, he stated, “these issues have yet to be finalized and will be reported if they are finalized.”

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Inflation rate stands at 8.4% in Iran: statistical center

reporter 1222 — Sun, 26 Nov 2017 07:15:28 +0000

TEHRAN- The Statistical Center of Iran announced that the inflation rate for the 12-month period ended on the last day of the eighth Iranian calendar month of Aban (November 21) compared to the same period in the previous year hit 8.4 percent.

The center also put the inflation rate at 8.2 percent and 9.3 percent in the urban areas and rural regions, respectively, during the mentioned period of time and announced that the rates for the whole country as well as urban and rural areas show 0.2 percent increase compared to the 12-month period ended on the last day of the seventh calendar month of Mehr (October 22).

Point-to-point inflation rate stood at 9.6 percent, 9.5 percent, and 10 percent in the whole country, urban areas and rural regions, respectively, showing 0.9 percent rise from the previous 12-month period.

The Statistical Center of Iran has put the country’s inflation rate at 9.8 percent in the past Iranian calendar year 1395 (ended on March 20, 2017), showing 4.5 percent drop from its preceding year.

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Iran’s defense might, approval rate all-time high

reporter 1222 — Sat, 25 Nov 2017 05:35:56 +0000

TEHRAN – Iranian Deputy Foreign Minister Seyyed Abbas Araghchi says that Iran’s defensive capability and global approval rate is at all time high record today.

“All countries and societies of world, and the whole international community stood unanimously against US president in defending Iran and the JCPOA,” said Seyyed Abbas Araghchi Iranian Deputy Foreign Minister for Legal and International Affairs, on Friday at a ceremony.

“Iran is enjoying an unprecedented approval rate and support in the world today,” asserted the Iranian diplomat, hailing what he called the growing influence of the Islamic Republic of Iran in the region. “As the Leader referred to in last week, Iran had never had as much strength, might, and influence in the region in the history, as it has today,” he maintained.

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