NO. 33


Financial and Banking News

Public Finance

Iran Announces New Measures To Arrest Slide In Value Of Riyal

The Iranian Government on 10 May announced a series of measures designed toarrest the fall in the value of the Iranian riyal on the free market which hasfollowed President Clinton's Executive Order of 8 May banning US companies fromtrading with and investing in Iran. The slide in the value of the ailing riyal,which began in the new Iranian year starting on 21...