Iran's inflation sinks to 9.9 percent
PressTV
07-Jun-2010 (5 comments)

Iran's inflation rate has finally reached single digits, as pledged by President Ahmadinejad's Administration.

The Chief Executive of Iran's Central Bank Mahmoud Bahmani announced that the country's rate of inflation declined to 9.9 percent. By the end of the second Iranian month of Ordibehesht (May 21).

According to Bahmani, the inflation rate in the 12-month period ending in the first Iranian month of Farvardin experienced a 4-percent decline, standing at 10.4 percent.

Iran's inflation rate has experienced only two major reductions in the past 30 years, according to the Iran-based Tabnak news agency.

In the past year, the country experience a 15.6-percent decline from 25.4 percent in Farvardin of last year (March 20, 2009), to 10.8 percent at the end of the last Iranian year (March 19, 2010).

The other major rate decline in inflation took place in the Iranian year of 1375 (1997), when it sank 26 percent from a high of 49.4 percent in the previous year (1996) to 23.2 percent.

Bahmani also fiercely rejected rumors published by the foreign media indicating that Iran's central bank intends to exchange 45 billion euros of its reserves with gold and the dollar currency.

>>>
default

Finally!

by IranMilitaryForum.net on Mon Jun 07, 2010 06:26 PM PDT

Here is the IMF full report:

//www.imf.org/external/pubs/ft/reo/2010/mcd/eng/mreo0510.pdf

....and Turkish news report:

//www.turkishweekly.net/news/102746/iran’s-economy-flourishing-apace-imf-report.html



Balatarin
Share/Save/Bookmark

 
Onlyiran

LOL, IMF quoting from PressTV

by Onlyiran on Tue Jun 08, 2010 02:11 AM PDT

LOL :-))


  •  
پیام

Wow, such a good news.

by پیام on Tue Jun 08, 2010 02:10 AM PDT

Oh darn, the source is shady once again.


  •  
cyclicforward

Stupid says as stupid does

by cyclicforward on Mon Jun 07, 2010 10:51 PM PDT

And that is you IMF. Crap from IRI news agency does not worth a penny.


  •  
default

This is what was being said before the elections last year!

by IranMilitaryForum.net on Mon Jun 07, 2010 06:28 PM PDT

Speaking on state television, Mousavi
presented viewers with charts, which he said countered President Mahmoud
Ahmadinejad's claims, which pinned the country's inflation rate at
16.55%. Mousavi showed a central bank chart that indicated the inflation
rate was 25.4%.


//www.payvand.com/news/09/jun/1077.html

Ahmadinejad’s
opponents accuse him of wrecking the economy, which suffers from 10.5
percent unemployment and an inflation rate of almost 24 percent, and
driving Iran into international isolation over the country’s nuclear
program.


//www.bloomberg.com/apps/news?pid=20601087&sid=aCmEeeHoFLVQ

Under
Ahmadinejad, Iran has experienced soaring inflation of 25 percent,
persistent unemployment of over 12 percent and international isolation,
blamed on the hardliner's anti-western and Israel-bashing tirades.

//www.google.com/hostednews/afp/article/ALeqM5ifKX05Pf2PZcemfZfvAx_N-I4Okg


  •