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Iran's MPO head predicts 5 billion dollars boost in hard currency deposits

Tehran, May 22, IRNA -- Head of Management and Planning Organization (MPO) Hamid-Reza Baradaran Shoraka here Saturday said that given the global oil price, the hard currency deposit account is expected to increase by 4-5 billion dollars in the current Iranian year (started April 20).

Speaking on the sidelines of a ceremony marking the introduction of the new MPO head, Shoraka told reporters that since the onset of the current year, the funds of the hard currency deposit account have been divided between the government and private sector.

He hoped that all the contracts signed to grant financial facilities to the private sector from the hard currency deposit account would be materialized this year.

According to Article 60 of the amendment to the Third Development Plan Law, 50 percent of the funds of hard currency account should be allocated to the non-governmental sector including the private and cooperative sector for investment and production.

The remaining is to make up for the fluctuations in the oil prices and will be extended to the government.

Turning to the problem concerning multiplicity of nationwide statistics, Shoraka said, "To harmonize statistics and figures presented across the country, the officially taken statistics should be confirmed by Iran`s Statistics Center."

... Payvand News - 5/22/04 ... --

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