Baku, Azerbaijan, May 14

By Elnur Baghishov - Trend:

As much as 150 million euros have been allocated from Iranian National Development Fund for the introduction of new irrigation systems in Iran, said Abbas Zareh, adviser to Iran’s agriculture minister, Executive Director of the new irrigation systems project, Trend reports with reference to Iran’s Ministry of Agriculture Jihad.

He said that so far, 25 percent of this amount has been transferred to the Iranian Ministry of Agriculture Jihad.

He added that last Iranian year (started on March 21, 2018), 16,000 new irrigation projects were implemented in Iranian provinces. He noted that the projects were implemented following all technical regulations.

Commenting on the issue of increasing prices for products in Iran, he said that new irrigation projects are being implemented according to the current prices.

There was a strong devaluation in Iran last summer.

Thus, the price of 1 US dollar increased from 35,000 rials to 220,000 rials. Then, as a result of intervention by the Central Bank of Iran, the price of 1 US dollar dropped to about 90,000 rials. This devaluation has led to the rise in prices for all products in Iran.