February 16, 2018 20:18
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Tehran Market Regains Calm After CBI’s New Forex Strategy
The package approved by the government on Wednesday and later announced by CBI includes unusual measures to put a stop to a volatility that saw rial lose a quarter of its value in the past six months
Although the CBI decision was largely welcomed as a sign that the policymakers are turning from their traditional and inept responses into more proactive strategies, some saw it as “too little, too late”
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