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Iran Economy 1996



    • Agriculture: accounts for about 20% of GDP; principal products - wheat, rice, other grains, sugar beets, fruits, nuts, cotton, dairy products, wool, caviar; not self-sufficient in food

    • Illicit drugs: illicit producer of opium poppy for the domestic and international drug trade; produced 35-70 metric tons in 1993; net opiate importer but also a key transshipment point for Southwest Asian heroin to Europe

    • Economic aid:

    • recipient: US commitments, including Ex-Im (FY70-80), $1 billion; Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $1.675 billion; Communist countries (1970-89), $976 million

    • note: aid fell sharply following the 1979 revolution

    • Currency: 10 Iranian rials (IR) = 1 toman; note - domestic figures are generally referred to in terms of the toman

    • Exchange rates: Iranian rials (IR) per US$1 - 1,749.04 (January 1995), 1,748.75 (1994), 1,267.77 (1993), 65.552 (1992), 67.505 (1991); black market rate: 3,000 rials per US$1 (December 1994)

    • Fiscal year: 21 March - 20 March






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