VOL. XXXVI

NO. 27

5-APRIL-1993

Financial and Banking News

ECONOMIC INDICATORS

Iranian Cabinet Prohibits Profiteering Following Devaluation of Riyal

The Iranian cabinet moved quickly to try to prevent price increases on basicitems following the devaluation of the Iranian riyal on 28 March. The cabinetinstructed the Commerce Ministry to prevent profiteering by bakers and said thatprice rises had to be authorized by the cabinet itself or the Supreme EconomicCouncil. The government is to continue...