According to central bank data, Iran’s GDP grew 5.5 per cent in the year to March 2006, an increase over the 4.8 per cent recorded the previous year.Central Bank Governor Ebrahim Sheibani said Iran had reined inflation back to 12.1 per cent from 15.2 per cent the year before, although liquidity growth swelled to 34.4 per cent from 30.2 per cent.
He told a conference, "Generally we are content with the performance and will have no trouble paying foreign debt," adding that Iran's central bank holds very little foreign debt, having issued some $1 billion-worth of Eurobonds.
