....In October, when oil was selling for $70 a barrel, Central Bank governor Mahmoud Bahmani warned of a huge budget deficit if the price did not rise. 'If this rate continues until the end of the year, $54 billion of expected oil income won't materialize,' he told the official Islamic Republic News Agency. On Wednesday, Iranian oil was selling for $42.....
Iran Confronts an 'Economic Evolution'
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- Written by RC_Anderson
....In October, when oil was selling for $70 a barrel, Central Bank governor Mahmoud Bahmani warned of a huge budget deficit if the price did not rise. 'If this rate continues until the end of the year, $54 billion of expected oil income won't materialize,' he told the official Islamic Republic News Agency. On Wednesday, Iranian oil was selling for $42.....
