Due to rising oil prices, Iran's hard currency deposit account increases

Published May 23rd, 2004 - 02:00 GMT
Al Bawaba
Al Bawaba

Head of Management and Planning Organization (MPO) Hamid Reza Baradaran Shoraka on Saturday said that given the global oil price, Iran's hard currency deposit account is expected to increase by US$4-5 billion in the current Iranian year.  

 

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. (Menareport.com)

© 2004 Mena Report (www.menareport.com)