Supreme Council of Economic Coordination convenes to discuss next year’s budget bill

TEHRAN, Dec. 01 (MNA) – The Supreme Council of Economic Coordination convened on Saturday in a session that was chaired by President Hassan Rouhani and discussed next year’s budget with special attention to people’s needs, especially those of the lower-income classes.

According to the official webiste of Iranian Presidency, at the session that was held with heads of the other two branches taking part, the council also decided not to let new certified cheques to be endorsed and transferred to others.

Yesterday, Fars News Agency reported about the draft budget for the next fiscal year of 1398 that the cabinet has predicted exporting 1 million barrels of crude oil at the price of $60 bpd in the face of US sanctions. The price of dollar against Iranian national currency the rail has also been predicted at 80,000 rials each dollar. The price of rial against US dollar in the free market is currently standing above 11,000 rials.

The Iranian year of 1398 begins on March 21, 2019.

KI/PR

News Code 140089

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