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Program summary: Iran IRINN TV economic news, Nov. 29

Business Materials 29 November 2017 17:52 (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, Nov. 29, on IRINN TV.

1. 12:03 GMT – Iranian presidential aide for economic affairs, Mohammad Nahavandian, has said that a decision on the reimbursement for dissolved financial institutions will be made over the next week.

2. 12:07 GMT – Iranian economic affairs minister Masoud Karbasian has said that the government plans to increase the annual production rate to eight percent.

3. 12:08 GMT – ICT Minister Mohammadjavad Azeri Jahromi has said that the second phase of cellphones registration scheme will begin as of December 5 in Iran.

4. 12:09 GMT – Report on the prices of gold in Iranian market. Gold coin was traded at 13,684,000 rials (about $330.4 according to the currency rate in free market) on Wednesday. One gram of the 18-karat gold was priced at 1,296,000 rials (about $31.3).

5. 12:09 GMT – Report on the rate of foreign currencies in the Iranian market. Euro was valued at 48,098 rials in the free market. The US dollar was traded at 41,243 rials.

6. 12:10 GMT – The main index of Tehran Stock Exchange dropped 103 points to reach 91,152 points.

7. 12:10 GMT – An exhibition on cooking oils has been inaugurated in Tehran.

8. 12:13 GMT – The rate of producer inflation in summer reached 9.1 percent.

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

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