VOL. XXXVI

NO. 31

3-MAY-1993

Financial and Banking News

ECONOMIC POLICY

Adeli Spells Out Iran's Foreign Exchange Policy

The details of Iran's new foreign exchange policy were spelt out by theGovernor of the country's Central Bank, Mr. Muhammad Hossein Adeli, in aninterview on 13 April. The BBC's Summary of World Broadcasts translated hisremarks as follows:

"1. The country's national currency, the rial, has been declaredconvertible and all applicants can obtain their various foreign exchange...