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...
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