Iran Mulls Return To Unified Exchange Rate
Iran has plans to return to a unified foreign exchange rate for its domestic currency, the rial, instead of the current multi-tier system, the Governor of the Central Bank of Iran (CBI), Mahmoud Bahmani, said on 9 April. Iran currently has an official (or reference) rate of $1=IR12,260 fixed by the CBI; a subsidized rate at the currency trading center for certain categories of imports and foreign trade transactions...
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!