Azerbaijan, Baku, Aug. 2/ Trend N. Umid
Some $60 billion worth of Iran assets has blocked by foreign banks, Head of Majlis Research Center (MRC) Kazem Jalali said, Mehr news agency reported.
Iranian MP said that of 1,420 trillion rial budget, only 940.5 trillion (last solar year, ended on March 21 budget) was realized, indicating some 500 trillion rials of debt.
It should be indicated that the official rate of USD was 12,260 rials for each dollar at the end of the last solar year (the current official rate being set on 24,789 rials per each USD).
He also remarked that President-elect Hassan Rouhani would be facing problems due to country's economic issues.
Experts say that outgoing President Mahmoud Ahmadinejad's legacy for Rouhani includes a 1.9 percent economic contraction in 2012, resulting in over three million unemployed, 40 percent of closed industry unions, $400 billion in debts, a $60 billion deficit in last year's budget based on the USD's official rate in Iran, 32 percent inflation, halved crude oil export and a drop in the value of the national currency by 40 percent in 2012.
Hassan Rouhani won the June 14 presidential elections in Iran, gathering over 50 percent of votes, securing his place as the next president of Iran.
Heads of several countries in the region and the world welcomed Rouhani's victory. The inauguration ceremony will be held in the Iranian parliament on August 4.