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Program summary: Iran IRINN TV economic news, Feb. 13

Business Materials 13 February 2018 19:57 (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, Feb. 13, on IRINN TV.

1. 12:02 GMT – Iranian government spokesperson, Mohammadbaqer Nowbakht, has briefed journalists on the government’s plans to create job opportunities over the coming fiscal year (starts March 20).

2. 12:05 GMT – An Iranian agriculture official has denied that the country faces shortcomings in supply of meat and poultry.

3. 12:05 GMT – Iran's Vice President for Economic Affairs Mohammad Nahavandian has said that the government will take the required measures to tackle the surging currency prices.

4. 12:06 GMT – Report on the rate of foreign currencies in the Iranian market. Euro was traded at 59,779 rials in the free market. Official rate of the USD was 37,019 rials and it was traded at 48,413 rials in the free market.

5. 12:07 GMT – Report on the prices of gold in the Iranian market. Gold coin was traded at 15,970,000 rials (about $329 according to the currency rate in the free market). One gram of the 18-karat gold was priced at 1,539,000 rials (about $31.7).

6. 12:08 GMT – Main index of the Tehran Stock Exchange (TSE) reached 98,103 points.

7. 12:09 GMT – Iran has hosted a conference on automotive industry in Tehran.

8. 12:10 GMT – Report on the prices of Iranian-made cars.

9. 12:11 GMT – Iranian MPs have authorized the country’s development fund to allocate 150 trillion rials (about $3 billion on free market rates) to banks in order to finance industrial and agricultural projects.

10. 12:12 GMT – Two exhibitions on chemical industry and engine have been held in Tehran.

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

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