September 03 2021
The Central Bank of Iran has issued a news release boasting that Iran’s gross domestic product last year grew 43.7 percent, which would be the fastest growth rate in the world except that that figure was calculated in rials and in a year when the inflation rate was 48.7 percent meaning that the growth rate was five percentage points less than the inflation rate and the economy actually shrank. But the bank did not point that out.