Iran presidential hopeful vows to cut inflation
Iranian presidential hopeful Mir Hossein Mousavi aims to slice inflation to a single digit if he is elected in next month's vote, according to his economic manifesto released on Sunday.
The economy of energy-rich Iran is reeling under inflation of about 25 percent which economists blame on incumbent President Mahmoud Ahmadinejad's expansionist policies.
Mousavi's economic programme, unveiled in the former premier's newly-launched newspaper Kalameh Sabz (Green Word) ahead of the June 12 presidential election, described inflation as a "chronic illness."
"We need to reduce inflation to a single digit," it said.
In a direct criticism of Ahmadinejad's policies, the manifesto said the OPEC member's oil revenues should not be distributed in the form of cash to the people but must help "create jobs and industrial units that can increase production.”
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