VOL. XXXIII

NO. 36

11-JUNE-1990

Financial and Banking News

Loans & Issues

Iranian Minister Denies Plans to Devalue Riyal

In an apparent change of government policy, Iranian Economy and FinanceMinister Mohsen Nurbakhsh said on 6 June that Iran has no plans to devalue theriyal. Mr Nurbakhsh, who was speaking at a Tehran news conference, was quoted byReuters as saying that "there is no need for such a change (devaluation) asit would not help the economy at the present juncture." The official...