Sunday, September 28, 2008

Iran: interpretation

According to daily Etemad Melli,this weeks resigned director of Central Bank of Iran, Tahmasab Mazaheri, warned president Ahmadinejad against policies which further stoke inflation, which is 27% already. The growth of money supply and a surge in cash injection to the economy have been, according to him, the main cause of inflation.
His replacement came after a political struggle about financial policies, especially interest rates and loans to financial institutions.
Mazaheri favoured in his one year function freeing up bank rates, coupled with tight controls on lending policy, to reduce inflation.
President Ahmadinejad wants to reduce unemployment by supporting small loans for small production units but critics say that it raises inflation rather than creating new jobs the beneficiaries of such subsidies have often spent the money on other things.

The Iranian privatization law has come following its publication in the Official Gazette in late August and is expected to expand the private sector.
The law, which framework was outlined by the Supreme Leader is named:
"The Law Amending Certain Articles of the Fourth Economic, Social and Cultural Development Plan of the Islamic Republic of Iran and Implementation of the General Policies of Principle 44 of the Constitution"

In an interview with New York Times said president Ahmadinejad that no minors are executed in Iran.
He said that Iranian law sets 18 as the criminally liable age for capital punishment. He also said that sometimes figures in reports get confused with the execution of drug traffickers.

In Iran there are childoffenders, still on death row.

Children are being hanged to death.
A child will be hanged to death.

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