Financial Risk Manager

Ways of Financial and Risk Management

IRAN - Economic Overview
Tuesday, February 10, 2009

Today is the 30th anniversary of the Islamic Revolution of Iran. Iran's economy is marked by an inefficient state sector, reliance on the oil sector (which provides 85% of government revenues), and statist policies that create major distortions throughout. Most economic activity is controlled by the state. Private sector activity is typically small-scale workshops, farming, and services. The recent drop in oil prices will be the most significant impact of the global financial crisis on Iran, but high oil prices in recent years have enabled Iran to amass nearly $70 billion in foreign exchange reserves. Some of the other facts are as under;

Foreign exchnage reserve = $ 96.56 billion (as at 31-12-08, est.)
External debt = $21.77 billion (31 December 2008 est.)
Current account balance = $27.47 billion (2008 est.)
Inflation rate (consumer prices) = 28%
Banks prime lending rates = 12%
Natural gas reserve = 26.85 trillion cu m (1 January 2008 est.)
Oil reserve = 138.4 billion bbl based on Iranian claims (1 January 2008 est.)

Labels: Economy and Business, International

posted @ 1:26 PM,

7 Comments:

At February 10, 2009 at 3:29 PM, Anonymous said...: Million of Congratulations to our brother country iran on their 30th aniversary, actully they are safe from american influence that is why they are safe so we pray for our own lovely country to became safe and grow

thnx and best regards

Malik khan
At February 10, 2009 at 4:06 PM, Syed Ibrahim said...: to be like iran we have be like iranians, hard working and honest in which people of pakistan lack to some extend.
we are bound to have such leaders which iran was so lucky to had.
At February 10, 2009 at 5:01 PM, S Z Kazmi said...: The reality is that Iran has God gifted Oil,which unfortunatly we do not have.

Congratulations on the 30th anniversary and also on managing the God's Gifts properly. wassalam.
At February 10, 2009 at 5:15 PM, Mohsin said...: Well done IRAN! This is the result when you have full faith in Allah Almighty and do not depend on so called big powers.

Regards

Mohsin
At February 10, 2009 at 8:04 PM, Anonymous said...: Congrats To Our Neighbouring Country Where I Am In Right Now!
At February 10, 2009 at 9:26 PM, Anonymous said...: I have to say Congratulations to our neighbouring country and I hope they have a good future ahead.
At February 11, 2009 at 9:53 AM, Mubeshir said...: If we will try and determine to believe Almight Allah, one day would come when we will rule the world. Inshallah