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Iran economic growth gains speed

Iran Materials 10 May 2006 17:57 (UTC +04:00)

(IRIBNews) - The pace of economic growth in the country has accelerated, Head of Monetary and Banking Research Center said.

Ahmad Mojtahed said on Tuesday a 12.1 percent decrease in the rate of inflation despite increase of liquidity in the previous year, stabilization of unemployment rate as well as 30 percent growht of non-oil exports are signs of the economic growth in the country, reports Trend.

He said the volume of non-oil exports reached ten billion rials last year.

At present foreign exchange currency reserves have surpassed 50 billion dollars, the highest amount has been recorded, Mojtahed added.

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