Economy, Business And Markets

New Forex Initiative Manages to Fix Past policies

the government, by reforming the tax system, must find sufficient resources to increase the income of lower classes
New Forex Initiative Unable to Tip ScalesNew Forex Initiative Unable to Tip Scales
With the announcement of a new forex plan by the Central Bank of Iran, prices inched down in the forex and gold markets

The new forex initiative has only managed to fix major policy mistakes of the past two quarters, which is not enough to control profiteering in the foreign exchange market.
The above statement was made by economist Vahid Shaqaqi Shahri in an interview with ISNA.
The new forex policy announced by Abdolnasser Hemmati, as his first move as the new head of the Central Bank of Iran, has managed to prevent the rise in forex market prices and consequently of gold coins, to some extent. 


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