Iran parliament approves reduced sanction-hit budget
's $462 billion annual budget, the official IRNA news agency reported, a drop in real terms from last year as Iran's currency has lost much of its value in recent months due to sanctions designed to curb the 's nuclear program, which the West suspects is a cover for making atomic bombs, a charge Tehran denies. The official exchange rate for the 2012/13 budget was set at 12,260 rials to the dollar, while last year's budget was based on 10,500 rials to the dollar. The 2012/13 budget was approved with 123 votes in favor, 46 against, and 14 ...
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