No. 23

4 March 1996


Nourbakhsh Says Current Exchange Rate Will Be Maintained Until March 1997

The Governor of the Central Bank of Iran, Dr. Mohsen Nourbakhsh, has confirmed earlier reports that the government will maintain the key export exchange rate at its current level of $=IR3,000 until the end of the next Iranian fiscal year (21 March 1996-20 March 1997). In an interview with a local newspaper the governor also said that the value of non-oil exports in the first...