BAKU, Azerbaijan, Dec. 8
By Elnur Baghishov – Trend:
Iran will try to reduce inflation rate to 22-24 percent until May 22, 2021, Director General of the Central Bank of Iran (CBI) Abdolnasser Hemmati told IRIB, Trend reports.
Hemmati added that the inflation rate is set according to the NIMA exchange rate ($1 equals to 170,000 rials).
According to the statistics of Statistical Center of Iran, the inflation rate in Iran increased by 46.4 percent in the 8th month of the current Iranian year (October 22 through November 20, 2020) compared to the same month last Iranian year.
Hemmati noted that the value of Iran trade turnover has amounted to $51.5 billion since the beginning of current Iranian year to date (December 8).
"Thus, the value of Iran's exports amounted to $26.5 billion, and the imports - $25 billion withing the reporting period," he said.
According to the statistics of the IRICA, Iran exported 75 million tons of goods worth $21.5 billion during the first eight months of the current Iranian year (from March 20 through November 20, 2020). Iran's exports decreased by 19 percent in terms of value and 14 percent in terms of volume compared to the same period last Iranian year.
In addition, Iran imported 21.8 million tons of goods worth $23.1 billion within 8 months of the current Iranian year.
Iran's imports decreased by 18 percent in terms of value and 1 percent in terms of volume compared to the same period last Iranian year.
