Iran's central bank governor pledges reforms

The inflation rate in Iran will drop to a one digit figure by end of the fourth five-year economic development plan (2005-10), said governor of the Central Bank of Iran Ebrahim Sheibani here on Tuesday 30 August.

"Inflation rate which has risen to more than 15 per cent over recent years should become one digit in the Fourth Five-Year Economic, Social and Cultural Development Plan," said Sheibani in an interview with reporters on the sidelines of the 16th Islamic Banking Seminar here on Tuesday