This is while the Statistical Center of Iran had put the figure at 33.9 percent, according to the Fars News Agency.
Central Bank of Iran Governor Mahmoud Bahmani has said that the country would curb inflation through three financial policies. “By selling bonds and gold coins as well as reducing liquidity, we hope to curb inflation,” Bahmani stated. Iran’s average monthly inflation rate was 25.4 percent during the previous Iranian calendar year, which ended on March 20. In April, the International Monetary Fund reported that Iran's economy contracted by 1.9 percent in 2012 and is expected to shrink by 1.3 percent this year. However, the economy of the Islamic Republic is forecast to grow next year by 1.1 percent, the IMF said in its annual World Economic Outlook.
To find out how Iran’s economic pain was precipitated by United States bullying, and Iran’s move to gold. Those that call themselves a "christian" nation do not permit such horrors be perpetrated in their name as the United States:
Jan 02, 2012
Andrew Bailey, head of banking at the Bank of England, told an American official that the central bank had observed “significant moves by Iran to purchase gold”, according to a US diplomatic cable obtained by WikiLeaks and ...
Charleston Voice: US Attacks on Iran's Monetary System Take Hold ...
Jan 29, 2012
US Attacks on Iran's Monetary System Take Hold - an Act of War by the US by any measure! Posted by ... Posted by Charleston Voice, 01.29.2012. Iran: Foreign Exchange Rules Tightened by Central Bank - Gold Market Fluctuates Wildly ...
Charleston Voice: US Government's Unprovoked War on the Iranian ...
Mar 19, 2012
The rush to real estate follows Iran government's tough stand in recent weeks on its current currency situation. When the government saw its citizens reacting to the new sanctions by buying more gold, U.S. dollars and euros, ...
Iranian Central Bank Governor: Iran has enough Gold for next 15 years
Nov 24, 2012
"We can't say the sanctions did not harm us. They do, however, there was not a serious damage made to Iranian economy," he said. The CBI head said that the gold reserves would be enough for Iran, and the country does not ...
Dec 20, 2011
It
may be just so as such an assault would unsettle world commodity
markets, notably oil. Don't expect any disclosure from the US oligarchy,
but the financial markets are saying this or another launch of a QE(n).
We have ...
Aug 20, 2013
...
that for the present you are powerless to change it. Are the ETFs, the
NY Fed and Rothschild banking syndicate kicking your country's central
bank gold reserves down the road, too? ... TEHRAN (FNA)- Iran on
Tuesday called on the US Intelligence Agency (CIA) to release all its
documents on the role it played in the 1953 Iran coup against the
democratically-elected Iranian Prime Minister, Mohammad Mosaddeq. On
August 15, 1953, the British and US intelligence ...
Feb 05, 2012
The
US Attack on Iran's Central Bank was a Success... hopefully Iran has
retrieved any gold reserves they may have trusted the US Fed with
custodial safekeeping! And here's how the US Govt and Congress pulled it
off:.
More links on Iran's economic plight
