Iran’s inflation rate touches 34 per cent; French Foreign Minister Laurent Fabius: France prepared to work with Iran’s new administration
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    • According to reports, the Iranian Statistical Centre has announced that the inflation rate for the 12-month period ended the fourth Iranian calendar month of Tir (July 22, 2013) compared to the same period in the previous year hit 33.9 per cent. The inflation rate for the 12-month period ended the third Iranian calendar month of Khordad was 32.6 percent. Central Bank of Iran Governor Mahmoud Bahmani has said that the country would curb inflation through three financial policies. “By selling bonds and gold coins as well as reducing liquidity, we hope to curb inflation,” Bahmani stated. Iran’s average monthly inflation rate was 25.4 percent during the previous Iranian calendar year, which ended on March 20. In April, the International Monetary Fund reported that Iran's economy contracted by 1.9 percent in 2012 and is expected to shrink by 1.3 percent this year. However, the economy of the Islamic Republic is forecast to grow next year by 1.1 percent, the IMF said in its annual World Economic Outlook. 1

    In another development, according to reports, French Foreign Minister, Laurent Fabius has expressed hope that the inauguration of Iranian President Hassan Rohani will open a new chapter in Paris-Tehran relations. During a meeting with Iranian Ambassador to Paris Ali Ahani, the French minister mentioned that his country is prepared to work with Iran’s new administration. During the meeting, Fabius and Ahani also exchanged views on Tehran-Paris ties, Iran’s nuclear programme, human rights issues and regional developments, including the Syrian crisis. During a press conference Rohani said that his administration seeks to pursue a “win-win” approach to finding a solution for Iran’s nuclear issue, adding, “We are prepared to enter serious and meaningful negotiations with determination and without wasting time.” The Iranian ambassador, for his part, underlined the vast capacities for cooperation between Iran and France. 2

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