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"Unemployment rate stands at 11.4%": Iran's Central Bank
November 08, 2003 - ©2003 IranMania
TEHRAN, Nov. 8, IRANMANIA -- The head of Irans Central Bank, Ibrahim Sheybani estimated the rate of unemployment in Iran as around 11.4% saying that policies on the creation of more job opportunities will be pursued more seriously.
He considered the countrys economic growth rate as extraordinary saying: The country experienced a 7.4% economic growth last year which is 5 times greater than those of the Persian Gulf states.
Sheybani described the volume of the countrys foreign exchange reserves at the end of the last year as satisfactory stating: In 1381 (Iranian calendar year for March 2002 / March 2003), the countrys foreign exchange reserves increased more than 5 billion dollars while foreign debts significantly decreased.
Referring to the fulfillment of the predictions made in the field of oil export revenues, Sheybani went on to say that the foreign exchange reserve accounts will also show a noticeable rise in the current year.
Economic indicators portray a promising image of the countrys economy in 1382 (Iranian calendar year for March 2003 / March2004). said Sheybani.
On the rising price of goods and services in the Iranian calendar years of 1381 and 1382, he noted: The rate of inflation by the end of July 25th of this year was 16% which is almost in harmony with the rise in prices of last year and despite the sudden boost of prices at the beginning of the year, the prices of goods and services are now stable.
He concluded by saying To create more job opportunities, more financial resources and facilities were brought into the countrys economy which led to significant liquidity growth. http://www.iranmania.com/News/ArticleView/Default.asp?NewsCode=19471&NewsKind=Business%20%26%20Economy
(( Hey Mullahs, MIND YOUR OWN BUSINESS Please ))
posted on 11/08/2003 7:00:55 AM PST
by F14 Pilot
To: F14 Pilot
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