1st USD Rate Hike After Unification

For the first time after the government decided to unify the US dollar's exchange rate more than a month ago, the Central Bank of Iran has allowed for a minor increase in its rate. 
The CBI set the rate at 42,050 rials on its website on Monday, allowing for a 50-rial increase. Although infinitesimal, the change indicates the government's willingness to allow rate alteration as opposed to previous efforts for imposing a fixed rate. 
CBI Governor Valiollah Seif on Sunday hinted at an exchange rate hike, saying that it would have 5-6% flexibility until the end of the fiscal year on March 20, 2019.  
Addressing a gathering of bank chief executives, Seif noted that CBI will determine the forex rate on the basis of the inflation rate.
The forex unification came on the heels of a sharp slide in the value of rial.