The government has eased foreign exchange rules and allowed money exchangers to resume work at open market rates, as part of the latest rescue package intended to calm the volatile market.
In a complete about-face from the policy of the last four months, the government intends to keep its hands off the market and allow “supply and demand” to set the rates for foreign currencies.
August 06, 2018 20:41
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Iran Gov’t Moves Closer to Market Economy
Abdolnasser Hemmati, the newly-appointed Central Bank of Iran governor who announced the new policies on state television late Sunday, hoped that his bank will never have to interfere in the market so that it will “balance” by itself
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