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Iran's parliament approves $462 billion budget
(4 related articles) CBS News - May 17, 2012
TEHRAN, Iran — Iran's parliament has approved $462 billion budget bill for the current Iranian year, which ends March 2013. It's about 9 percent less than the budget approved in the previous calendar year. This is a result of the new official exchange rate of the U.S dollar, which has increased to 12,260 rials to the dollar. The previous budget was based on the rate of 10,500 rials per dollar. The Iranian currency has lost much of its value because of Western sanctions over Iran's nuclear program. The country has also increased the price of ...
Yahoo! News - May 17, 2012
's $462 billion annual budget, the official IRNA news agency reported, a drop in real terms from last year as Iran's currency has lost much of its value in recent months due to sanctions designed to curb the 's nuclear program, which the West suspects is a cover for making atomic bombs, a charge Tehran denies. The official exchange rate for the 2012/13 budget was set at 12,260 rials to the dollar, while last year's budget was based on 10,500 rials to the dollar. The 2012/13 budget was approved with 123 votes in favor, 46 against, and 14 ...
Yahoo! News - May 17, 2012
(AP) — Iran's parliament has approved $462 billion for the current Iranian year, which ends March 2013. It's about 9 percent less than the budget approved in the previous calendar year. This is a result of the new official of the U.S dollar, which has increased to 12,260 rials to the dollar. The previous budget was based on the rate of 10,500 rials per dollar. The has lost much of its value because of Western sanctions over Iran's nuclear program. The country has also increased the price of exporting oil to $85 from $81.5 per barrel. More ...
Business Week - May 17, 2012
Iran's parliament on Thursday signed off on a $462 billion budget bill for the current Iranian year that is about 9 percent less than the budget approved in the previous calendar year, a consequence attributed to the new exchange rate of the U.S dollar. The Iranian currency has lost much of its value because of Western sanctions over Iran's nuclear program. The new budget comes at a time when Iran is facing growing international pressure and isolation over its controversial nuclear program, which the United States and its allies maintain is ...
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