| Iran's National Development Fund to boost assets to $61b |
|
 |
.jpg) TEHRAN - Assets of Iran’s National Development Fund will increase by over $8 billion in the current Iranian calendar year to reach $61 billion, the NDF deputy director has said.
Qasem Hosseini said the figure represents the worst case projection.
If the projected oil revenues are earned, the fund’s assets will hit $61 billion by the end of the year, Hosseini said.
The current Iranian calendar year began on March 21, 2013.
The NDF assets amounted to $49.9 billion in the past Iranian calendar year, he said.
He further said that $400 million from the fund will be drawn out to buy new airplanes.
Iran transfers 20 percent of its oil revenues to the NDF.
  Socialize this Subscribe to our RSS feed to stay in touch and receive all of TT updates right in your feed reader
|