Iranian Central Bank To Maintain Fixed Exchange Rate System
The Central Bank of Iran (CBI) has reaffirmed its existing policy ofadhering to a fixed exchange rate system until March 2000, following remarks by anofficial of the CBI advocating flexibility in the countrys exchange system. The CBIwas responding last week to a report in the press quoting the Deputy Governor for ForeignExchange, Dr. Mohammad Mojarad, which seems to have been misinterpreted by the...
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