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Optimism Over Iran's New Forex Plan

Optimism Over New Forex Plan Optimism Over New Forex Plan

As markets await the government’s new foreign exchange plan to combat the intense volatility, speculation about the contents of the package abounds. 
Mohammad Reza Pour-Ebrahimi, chairman of Majlis Economic Commission, said on Tuesday the new forex package would be implemented within 48 hours, meaning that the scheme could be officially kicked off on Thursday. 
Pour-Ebrahimi, who has been a vocal critic of the government’s forex policy, noted after his commission’s meeting with Economy Minister Massoud Karbasian that “new cooperation” has formed between the parliament and the government.   
 

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