03.05.2012 - Iranís national development fund to reach $50 bln
The fund that siphons off Iranís oil revenue for future social investment will reach $50 billion by the end of this year, which ends on March 20, 2013, said Finance and Economic Affairs minister Shamseddin Hosseini. 20 per cent of Iranís oil revenues each year are deposited into Iranís National Development Fund. ďLast year, the fundís reserve hit $30 billion. This year, its reserve will be dependent on oil prices,Ē Hosseini said...............................................Full Article: Source
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