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Iranian parliament approves providing low-income families with basic food

Business Materials 26 February 2013 15:12 (UTC +04:00)

Azerbaijan, Baku, Feb.26 / Trend F.Mehdi/

The Iranian parliament (Majlis) passes a bill today based upon which staple foods will be supplied to low-income families at three-monthly intervals, ISNA reported. These will include rice, edible oil and meat.

On Monday, The Central Bank of Iran announced that the inflation rate in the current Iranian current calendar year 1391 (March 2012-March2013) will hit 31.5 per cent, ISNA reported.

The inflation rate had been projected to hit 32 per cent, but measures have been taken to curb the rate at 31.5 per cent, ISNA quoted Central Bank Governor Mahmoud Bahmani as saying.

In December 2012, IRNA quoted Finance and Economic Affairs Minister Shamseddin Hosseini as saying that the Iranian administration has special plans to curb a probable surge in inflation during the final months of the current Iranian calendar year ending March 20, 2013.

Since recent rises in prices of goods are in close relation with rises in foreign currency prices, we should rein in foreign currency shocks, he added.

The Iranian administration has deposited 850,000 rials per person to bank accounts of breadwinners of families as a New Year gift.

The sums have been paid in order to help families overcome financial problems during the final days of the current Iranian calendar year.

Low-income families which are under coverage of welfare organisations have received 1,000,000 rials (about $81) per person.

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