News in Brief
Iran’s auto production rises 30%
IRNA – Car manufacturing in Iran rose 30 percent in the first four months of the current Iranian year (March 21-July 22), compared to the corresponding four months of last year.
According to the director general of the Iranian Industry Ministry’s Auto Industry Department, Iranian carmakers manufactured over 443,000 vehicles in the four months to July 22.
Abdollah Tavakoli Lahijani said that during the four-month period, Iranian automakers produced nearly 363,000 passenger cars.
Over 8m tons of wheat purchased
IRNA – Iran has purchased more than eight million tons of wheat from domestic farmers under the national guaranteed purchase.
Saeid Rad, the general manager of the Government Trading Organization of Iran, said that the purchases were carried out in a 130-day time span from the beginning of the current Iranian year (March 21) to July 28.
Bolivia challenges global dollar dominance with Chinese yuan
REUTERS – Bolivia’s government is determined to curb dependence on the US dollar for foreign trade, instead turning to the Chinese yuan, officials said, as Latin American support for alternative currencies grows.
Economy Minister Marcelo Montenegro said the Andean country was following “a pattern at the level of international trade that is generating a progressive increase in the use of the yuan in foreign trade”.