• 1 July 2017 - 13:11
  • News Code: 71710
اکبر کمیجانی

TEHRAN— Akbar Komijani, deputy governor of the Central Bank of Iran (CBI), says Iran'a inflation rate is expected to reach 12.2 percent, with its economic growth standing at 4.6 percent and its liquidity rate at 20.2 percent in the current Iranian calendar year of 1396 (to end on March 20, 2018).

Komijani made the remark in an address to the 27th Annual Conference on Monetary and Foreign Exchange Policies that opened on Saturday and will end on July 3.
He said a look at chronology of economic growth in Iran in the 2012-2016 period shows that it stood at 12.5 percent in the year 1395 (2016-17) and the economic growth rate minus oil followed positive trend since the first quarter of the year.
The main reason for growth in Gross Domestic Product (GDP) was growth in oil, he added.
"Due to international sanctions, we failed to fully use the capacity available by oil but due to achievements gained by the sector, we managed to take moves forward," he added.
He said the country gained good growth in the industry and mining sector: It showed growth rate of 6.9 percent grom minus 4.6 percent growth rate.
He also put growth in the agricultural sector at 4.2 percent and hoped such a trend will continue this year too.


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