No. 1



Hard Days Ahead For The Iranian Economy

The foreign exchange measures taken by the Iranian Government in the aftermath of the severe currency crisis last May appear to have been successful in the short term, but their long-term benefits remain doubtful. The Iranian riyal, whose value on the free market began to slide with the new Iranian year starting on 21 March 1995, was dealt a hard blow on 6 May when President Clinton of the US issued an Executive...