Iranian President Mahmoud Ahmadinejad said today in Tehran that the country’s non-oil exports have reached a record $39 billion annually. Sixty percent of the exports were manufactured goods, Ahmadinejad added [IRNA, 2 July]. The figures represents 475% increase in non-oil exports during the six years of Ahmadinejad’s presidency, although they could not be independently verified.
Ahmadinejad also boasted his government’s successes in subsidy reforms, accusing the opponents of reform program of harboring anti-Iranian sentiments. The International Monetary Fund (IMF) has verified the success of Ahmadinejad’s subsidy reforms. According to a recent IMF report on the program, the structural reforms related to the gradual removal of government subsidies have already reduced the country’s annual inflation from 25.4 percent in 2008/2009 to 12.4 percent in 2010/2011.