VOL. XXXIII
NO. 2
16-OCTOBER-1989
Financial and Banking News
Budgets and Revenues
Iranian Devaluation, Liberalization Mooted
In what may be a prelude to a rationalization and devaluation of theIranian Riyal's exchange rate, a new officially-supported rate was announcedlast week amid indications that economic liberalization, including someprivatization, is being considered by President Rafsanjani's technocraticgovernment.
The immediate impact of the new exchange rate however, was to furthercomplicate...
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