Unified Exchange Rate Key to Harness Inflation in Iran: IMF

Multiple foreign exchanges rates in Iran is one of the main drivers of inflation in the country, the director of the International Monetary Fund’s Middle East and Central Asia Department said. 
The IMF expects inflation in Iran to rise further this year and called for reforms as the economy recovers from the coronavirus crisis. Inflation is expected to rise to 39% this year from 36.5% last year, the IMF has estimated.
Pointing to higher inflation forecast, Jihad Azour said the country needs to first address the issue of multiple forex rates system, Reuters reported.