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Central Bank of Iran says Iran's economic growth 5 times more than Persian Gulf states

Governor of the Central Bank of Iran (CBI) Ebrahim Sheibani on Sunday said Iran had registered a record economic growth of over 7.4 percent over the past Iranian calendar year of 1381 (ended March 20), stressing that this was five times more than the economic growth of the Persian Gulf states, IRNA reported from Tehran.

Sheibani, talking to IRNA, recalled the government's success to keep the inflation rate at 15.8 percent, to decrease foreign debts and to boost foreign currency reserves to over five billion dollars had made 1381 "an exceptional year" for the Iranian economy.

He said Iran's oil revenues over the past seven months were "much beyond the expectations", stressing that this promised prosperity for the country's economy during the months to the end of 1382 (March 19, 2004).

Sheibani stressed that Iran's revenues are currently the highest over the years before and after the 1979 Islamic Revolution.

... Payvand News - 11/9/03 ... --

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