TEHRAN, Iran, Nov.9
Trend
Iran is facing the issue of a rising inflation rate that affected the economy, said the head of Iran-China Joint Chamber of Commerce, Trend reports citing ILNA.
The country's inflation rate is at its most dangerous point in the past four decades and if the rate reaches 50 percent it would be hard to control it, Majid Reza Hariri noted.
The country requires monetary and financial policy and using specialized individuals to deal with the inflation rate.
Iran's economic growth is affected by political negotiations and boosting preferential and free trade with neighboring and regional countries could create diversity and develop the economy at this point.