VOL. XXXVII
NO. 50
12-SEPTEMBER-1994
Financial and Banking News
Iranian Central Bank Governor Says Tight Monetary Policy Is Yielding GoodResults
The Governor of the Central Bank of Iran, Dr. Mohammad Hossein Adeli, hasconfirmed that the Central Bank's tight monetary policy adopted in March 1994"is working very well and is now producing very good results," andadded that measures taken since then have minimized exchange rate fluctuationsand led to a 20% appreciation in the value of the riyal against...
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