Iran (Islamic Republic of) Tenders

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Capital Tehran
ISO 3166 Code IR
Population 78,035,100
Area, Sq KM 1,648,000
Currency Rial
Official Language Persian
GDP, Billion USD 3,68,904
GDP Growth Rate, % 1.5
Inflation, Avg CP, % Chng N/A
Interest Rates, % N/A
Unemployement Rate, % 14.02
Exchange Rate, 1 USD Equals 29126
International dial code 98
Time Zone GMT+03:30
Internet TLD .ir

Iran is known as Persia and is officially known to be the Islamic Republic of Iran. It is a country that is located in Western Asia and bordered to its northwest by the de facto independent Nagorno-Karabakh Republic, Armenia and Azerbaijan along with Russia and Kazakhstan across the Caspian Sea, Turkmenistan to its northeast, Pakistan and Afghanistan to its east, Iraq and Turkey on its west and finally to the south by the Persian Gulf and the Gulf of Oman. The total land area of area is estimated to be approximately 1,648,195 square kilometers. Iran is 18th largest nation in the world the second-largest in the Middle East with a population of 78.4 million inhabitants. Iran is also considered 17th most populous nation in the world. Iran happens to be the only country that has both Indian Ocean as well as Caspian Sea coastlines and therefore has always been of geostrategic importance. Iran has been the home to one of the oldest civilizations in the world. In the year 1953, Iran became very close allies with the West and the US and even though it remained secular, the nation grew autocratic and started growing dissent against the political repression and foreign influence which led to the 1979 revolution and ultimate resulted into the formation of Islamic Republic in the year 1979, itself. Iran’s capital is Tehran which is also the largest city of the country and serves as the industrial commercial and cultural hub of the nation. The country is also an essential middle and regional power and has exerted considerable amount of influence on the world economy in the international energy security. The large reserves of fossil fuels that are located in Iran constitute the largest natural gas supply in the entire world. Iran is a founding member of the ECO, OIC, NAM, UN and OPEC. Iranian political system is quite unique and is based on the 1979 constitution. The economy of this country is a blend of state ownership of oil, central planning and other large enterprises along with small scale private trading, service ventures and village agriculture. As of 2011, the GDP was 482.4 billion dollars in terms of PPP. According to the World Bank, Iran has been ranked as an upper-middle income economy. During the beginning of 21st century, the service sector constituted the largest percentage of the total GDP which is followed by the industry which includes manufacturing and mining along with agriculture. The Iranian rial is maintained and developed by the Central Bank of the country. Iranian Rial is the official currency of the country.

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