JAKARTA--MICOM: The president of Iran Mahmoud Ahmadinejad, will auctione his 33-year-old car to prop up a fund for the charity foundation of housing development project for youth.
When he was still a mayor of Teheran, Ahmadinejad often looked using a Peugeot 504 which is hardly been used anymore since he was elected as a president of Iran in 2005.
The car will be auctioned sale on February in Abadan city and it is predicted can be sold out over than US$ 2.000 of rate, that is a normal price for a car like Peugeot 504.
A chiefman of Abadan’s Free Trade Area, Asghar Parhizkar said to the Irna news Agency that the auction sale will be held when the classic car exhibition is being carried out and the income money will be donated to the housing fund of Mehr.
Information about this auction sale appeared after Iran’s Government announcing severance of food and energy that will increase the cost of living of iranians.
The government expended around US$ 100 billion each year for grant nevertheless Iran’s economic is dependent on the petroleum and the fourth round penalty that had been sentenced by the United Nations -- related to the controversial Iran’s Nuclear Program -- apparently started to affect.
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