Official: Iran's economy too vulnerable to oil market
The Iranian government should work to take oil revenue out of its total budget to protect the economy from market dynamics, a commissioner said Tuesday. Hamid Farnam, the energy commissioner in the Iranian Chamber of Commerce, told the Oil Ministry's news website Shana the government should work to slowly push oil revenue "As long as we look at oil as a commodity for collecting revenues, not as a capital good, fluctuations in the world oil market will influence our economy," he said. An assessment from the World Bank finds the Iranian ...
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