VOL. XXXVII
NO. 7
15-NOVEMBER-1993
Financial and Banking News
Currency Movements
Iranian Riyal Continues To Fall Against The Dollar
The Iranian riyal fell to $1=IR1,830 on 11 November, equal to the all-timelow recorded in April just before the currency was made convertible. TheCentral Bank's selling price was around $1=IR1,680, 6% below the $1=IR1,584 seenat the end of July. The Central Bank has been blaming currency dealers for thefall in value but the dealers say that the Central Bank has been...
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