Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Iran Lawmakers Back Plan for Rice Distribution to Poorest: Donya

Feb. 25 (Bloomberg) -- Iranian parliamentarians are working on a plan that would require the government to ensure a sustained supply of “essential goods” to needy Iranians, Donya-e-Eqtesad reported.

Members of parliament yesterday approved the outline of a plan to distribute rice, cooking oil, meat and other foods to poor Iranians every three months, the Tehran-based newspaper said. It didn’t specify the quantities.

Since the plan doesn’t involve cash distribution it will not have inflationary effects on the economy, said lawmaker Hossein Garousi, one of 144 deputies backing the plan, according to Donya.

Iran is battling a currency decline, partly as a result of U.S. and European Union economic sanctions, that has pushed inflation to about 30 percent, according to official figures.

To contact the reporter on this story: Ladane Nasseri in Dubai at lnasseri@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.