Our enemy in the Middle East, Iran, has trashed their economy because of their foolish fiscal policies.
From the Tehran Times:
Iranian Central Bank Governor Mahmoud Bahmani has said the country is very likely to close the calendar year, which ends on March 20, with a single-digit inflation.
The inflation rate hit 12.2 percent in the month which ended January 20 and is expected to fall one more percent in the month to February 19, the Islamic Republic of Iran News Network quoted Bahmani as saying.
"A plan to lessen the inflation rate had been put on the government's agenda in the current (Iranian) year," Shamseddin Hosseini told reporters after a cabinet session last week, according to press TV.
He added that this success has been achieved partially due to financial discipline and partially because of monetary policies.
Iran today, America tomorrow.
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