Middle East Economic Survey


No 48



Minister Advises Iranians To Avoid Foreign Exchange And Gold

The Iranian Minister of Economic Affairs and Finance Shamsoddin Hosseini has called on Iranians to refrain from buying foreign currency and gold for the time being because of their high price. The ministers remark was apparently intended to curb rising demand for foreign exchange in recent months, which has seen a steady depreciation of the rial. Mr Hosseini warned that if...