Iran's parliament approves $462 billion budget
Iran's parliament on Thursday signed off on a $462 billion budget bill for the current Iranian year that is about 9 percent less than the budget approved in the previous calendar year, a consequence attributed to the new exchange rate of the U.S dollar. The Iranian currency has lost much of its value because of Western sanctions over Iran's nuclear program. The new budget comes at a time when Iran is facing growing international pressure and isolation over its controversial nuclear program, which the United States and its allies maintain is ...
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