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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
Tehran Market Regains Calm After CBI’s New Forex Strategy Tehran Market Regains Calm After CBI’s New Forex Strategy
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”

Foreign exchange market showed early signs of cooling on Thursday after the...

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