VOL. XXXVIII
NO. 24
13-MARCH-1995
Financial and Banking News
Legisla tion/Regulation
Iranian Riyal Strengthens As Curbs On Forex Dealers Relaxed
The Iranian riyal, which has recently fallen to a record low of around$1=IR4,400, has strengthened to trade at $1=IR4,050 following the relaxationlast week of strict exchange controls which have effectively denied authorizedmoney changers the right to deal in the free market (MEES, 6 March). In anattempt to ration the limited supply of foreign exchange,...
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