TEHRAN- According to the latest announcement of the Central Bank of Iran (CBI) the bank has paid €5.5 billion for supplying basic goods since the beginning of the present Iranian calendar year (March 21, 2018), IRNA reported.

The measure has been taken to encounter the recent unprecedented sharp depreciation of rial against the U.S. dollar.

The increase in prices of basic goods outstrips that of people’s income i.e. purchasing power has decreased.

HJ/MA