Azerbaijan, Baku, Aug.31/ Trend F.Karimov/
Iran's central bank governor said that special attention should be paid to the curbing of runaway inflation and the rising prices of consumer goods in order to help to reform the national economy, ISNA reported.
Regulating the volume of liquidity, adopting proper monetary policies to get rid of recession, and continuous monitoring of banks are among the ways which can help to reform the national economy, he said.
He also referred to utilization of modern technologies in the banking system and revision of interest rates, as well as strict supervision over finance and credit institutes as other solutions to this end.
Low economic growth rate is currently the main challenge in the national economy, Iranian Finance and Economic Affairs Minister Ali Tayyebnia said.
Tayyebnia referred to high unemployment as another serious concern.
For the time being, some 3.5 people are unemployed in the country, he said, adding that the figure will hit 8.5 million, because a large number of educated youth will graduate from universities soon and will look for a job.
The ministry will focus on improving the living standards through curbing the inflation and flourishing businesses, he stated.
The Central Bank of Iran has recently reported that the country's gross domestic product (GDP) growth rate (excluding oil sector) was 3.2 percent in the Iranian calendar year 1390, which ended in March 2012, ISNA reported.
This is while the Statistical Center of Iran had put the figure at 3 percent.
The central bank has said that the GDP growth rates were 6.38 percent, 3.16 percent, and 0.83 percent in 1389, 1388, and 1387 respectively, while the statistical centers has put this figures at 5.8 percent, 3 percent, and 0.8 percent respectively.
In July, former Iranian Minister of Finance and economic affairs Shamseddin Hosseini said that the country's GDP is on the verge of $1 trillion, and that the country's national economy stands at 17th place in the world.
The International Monetary Fund has said that Iran's GDP at current USD stood at $482 billion in 2010, standing at the 25th place in the world. Iran is at the 79th place for GPD per capita.
The World Bank also estimated that Iran's GDP in 2011 at $514.059 billion.
Taking into account that Iran faced 1.9 percent economic contraction in 2012 and the national currency devalued by 40 percent during that year, the GDP at current USD has even decreased below $482 billion.