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'Iran will help Zimbabwe fight Western sanctions'
By: Press TV on: 09.03.2010 [07:51 ] (376 reads)
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(1241 bytes) [nc]
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'Iran will help Zimbabwe fight Western sanctions'
Tue, 09 Mar 2010 03:03:26 GMT
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Iranian President Mahmoud Ahmadinejad (L) meets Zimbabwean Minister of State for Presidential Affairs Didymus Mutasa in Tehran.
Iranian President Mahmoud Ahmadinejad says Iran will help Zimbabwe as much as possible in view of the sanctions imposed on Harare by the West.
Ahmadinejad made the remarks during a meeting with Zimbabwean Minister of State for Presidential Affairs Didymus Mutasa in Tehran on Monday.
The Islamic Republic will stand by Zimbabwe against "illegal pressure," he added.
Ahmadinejad said Iran has always condemned the illegal pressure imposed by hegemonistic powers meant to force the Zimbabweans to surrender.
He praised the African nation for its resistance against the odds and predicted that independent nations would have a bright future.
Ahmadinejad also called for the implementation of all the agreements signed by the two nations.
Mutasa relayed Zimbabwean President Robert Mugabe's message to the Iranian president.
He also asked Iran to increase cooperation with Zimbabwe and to invest more in the country.
DB/HGL
http://www.presstv.ir/detail.aspx?id=120402§ionid=351020101
by Iranian-Shi'ite on 09.03.2010 [09:38 ]
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The Central Bank of Iran (CBI) says the country's inflation has reached to its lowest level in the past four years.
CBI chief Mohammad Bahmani says the annual inflation rate in the Iranian month of Bahman, which ended on February 4, stood at 11.5 percent.
He predicted that the inflation will decrease by one percent to 10.5 percent in month of Esfand (ending March 20).
Bahmani says the government is curbing the price rises by controlling liquidity and financial market.
Earlier this month, Iran's Finance Minister Shamseddin Hosseini said that the plan to reduce the inflation rate will be continued during the next Iranian year by CBI until the inflation reaches a single digit rate.
"A plan to lessen the inflation rate had been put on the government's agenda at the beginning of the current Iranian year (March 21, 2009)," Hosseini told reporters.
He said that financial discipline is a must for the government to reduce the inflation.
President Mahmoud Ahmadinejad's economic policies came under heavy criticism in his first term for raising liquidity, which consequently triggered mounting inflation.
DB/DT
www.presstv.ir/detail.aspx?id=119603§ionid=351020102
When Zimbabweans wanted to redistribute land fairly among themselves and the foreigners, the foreigners got angry and put sanctions on it, and so now hyperinflation weighs down the Zimbabwean economy and little foreign investment is coming in.
Hopefully, Iran can help reverse that trend.
In return, Iran can get more agricultural goods, and also minerals such as chromite and iron.
It can be a mutually beneficial friendship.
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by Iranian-Shi'ite on 09.03.2010 [09:40 ]
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My point is that since Iran is controlling its own inflation, that it was once out of control, then perhaps Iran can also help Zimbabwe with its inflation.
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