March 9, 2009

Iran’s President Mahmoud Ahmadinejad urged Iranian scientists to devise a new global economic order, the official IRNA news agency reported Monday.

[efoods]At a seminar on media and economy, Ahmadinejad said he believed Iranian scientists possess the capability to do so and called on them to start working on a global economic models based on ethical and humanitarian values.

“The (Iranian) scientists would focus on schemes leading to elimination of poverty,” Ahmadinejad said, hoping that “Iranian scientists would embark on the task the soonest possible.”

Ahmadinejad’s statements come amid the domestic concerns over the steady rise of the country’s inflation since he took office in summer 2005.

Iran had the highest annual inflation rate among the Middle East countries, according to the report of the Central Bank of Iran released in November 2008.

Iran’s Students News Agency said the country’s inflation hit 25.9 percent in February.

Observers concede that it has hurt the economy of the country for which the president has claimed to have developed remedies.

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