Date: Nov 13, 1998 [ 0: 0: 0]

Subject: DNI-NEWS Digest - 10 Nov 1998 to 12 Nov 1998

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Subject: DNI-NEWS Digest - 10 Nov 1998 to 12 Nov 1998
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There are 2 messages totalling 63 lines in this issue.

Topics of the day:

1. Iran seeks $3 billion in loans to ease cash crunch
2. Iran says 46 percent of electorate voted in polls

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Date: Thu, 12 Nov 1998 09:20:12 +0100
From: Farhad Abdolian <farhad.abdolian@RSA.ERICSSON.SE>
Subject: Iran seeks $3 billion in loans to ease cash crunch

TEHRAN, Nov 11 (Reuters) - The Iranian government has begun talks with
creditors in Japan, Germany and Italy to secure a total of $3 billion in
"bridge loans" to stave off possible default, foreign diplomats and trade
analysts said.

"They need to get that $3 billion as soon as possible," a foreign trade
analyst close to the talks told Reuters. "If these three countries cannot
help them, then they may have to declare bankruptcy."

The Central Bank of Iran (CBI) had no comment on the debt talks, but senior
government officials have repeatedly said they were able to meet existing
international commitments.

Economists blame persistently low prices for Iran's chief export, crude
oil, and a steep but temporary leap in foreign debt, for a cash crunch that
threatens to disrupt Iran's expanding trade with the West.

The latest CBI figures peg foreign debt repayments due this Iranian fiscal
year, ending March 20, 1999, at $5.567 billion. Other figures show oil
revenues for the first half of that same year dropped by 39 percent to $5
billion.

However, analysts say Iran's huge energy reserves and the sharp drop-off in
foreign debt over the next two years should allow the country to weather
the current storm if the bridge loans fall into place in time.

03:16 11-11-98

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Date: Thu, 12 Nov 1998 09:20:51 +0100
From: Farhad Abdolian <farhad.abdolian@RSA.ERICSSON.SE>
Subject: Iran says 46 percent of electorate voted in polls

TEHRAN, Nov 10 (Reuters) - Nearly 17.9 million Iranians, or about 46.3
percent of the electorate, cast ballots in polls last month for a powerful
clerical assembly, according to final official figures released on Tuesday.

About 38.6 million Iranians, aged 15 and older in a total population of
60.6 million, were eligible to vote in the elections for the Assembly of
Experts, the state news agency IRNA reported.

Results announced days after the October 23 polls showed that conservatives
had maintained their control of the assembly. The 86-seat body names and
can remove Iran's supreme leader who outranks the country's elected
president.

President Mohammad Khatami's moderate and left-wing Islamist backers, some
of whom largely boycotted the polls, complained that a conservative-run
screening committee had barred most of their candidates from running.

15:40 11-10-98

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End of DNI-NEWS Digest - 10 Nov 1998 to 12 Nov 1998
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