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Program summary: Iran IRINN TV economic news, Oct. 12

Business Materials 12 October 2017 20:28 (UTC +04:00)

The following is a numbered list of news on latest economic developments in the Islamic Republic of Iran, as of 12:00 GMT, Oct. 12, on IRINN TV.

1. 12:04 GMT – The head of Government Trading Corporation of Iran, Yazdan Seif, has said that the country for the first time has exported 31,000 tons of durum wheat to Italy.

2. 12:05 GMT – Fishers in northern Iran have begun fishing at the Caspian Sea.

3. 12:06 GMT – Report on the prices of gold in the Iranian market. Gold coin was traded at 13,200,000 rials (about $329.6 according to the currency rate in free market) on Thursday. One gram of the 18-karat gold was priced at 1,251,000 rials (about $31.2).

4. 12:07 GMT – Report on the rate of foreign currencies in the Iranian market. Euro valued 47,675 rials in the free market dropping 98 rials compared to the preceding day. The US dollar lost 27 rials to post 40,040 rials.

5. 12:08 GMT – The number of bad checks in the Iranian banking system has dropped to 15.8 percent over the fifth Iranian calendar month (started July 23).

6. 12:08 GMT – Iran’s Kurdistan Province is expected to produce 232,000 tons of milk over the current fiscal year (ends March 20, 2018).

7. 12:10 GMT – The southern city of Rafsanjan is expected to harvest 150,000 tons of pistachio this year.

8. 12:12 GMT – Report on the activity of Iran’s Roadside Assistance Company.

Source: State-owned news channel IRINN, Tehran, in Persian

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