VOL. XXXVIII
NO. 35
29-MAY-1995
Financial and Banking News
Public Finance
Confusion Reigns In Iran Over Application Of New Foreign Exchange Rules
In what may well prove a vain attempt to control the dramatic devaluation ofthe sickly riyal, the Central Bank of Iran appears to be in the process offormulating a regime of foreign exchange allocation reminiscent of the dark daysof scarcity following the end of the Iran-Iraq war. Sources in Tehran say thatthe authorities have, for the moment, succeeded...
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