VOL. XXXIII
NO. 38
25-JUNE-1990
Financial and Banking News
Loans & Issues
Iran Devalues Riyal for Non-Essential Imports
A new exchange rate of $1=IR1,270 applicable to imports of some 400non-essential goods was introduced on 16 June by the banking system in Iran. Thenew rate compares with the current competitive rate of $1=IR800, which came intoeffect in October 1989 and which will remain in force for imports of machineryand raw materials for factories. The official rate of $1=IR70, which is...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!