Economy, Domestic Economy
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Iran Privatization Organization's Gravest Dilemma: Volatile Forex Market

Iran Privatization Organization's Gravest Dilemma: Volatile Forex Market Iran Privatization Organization's Gravest Dilemma: Volatile Forex Market

The gravest problem facing privatization in Iran is the volatile foreign currency market, the head of Iranian Privatization Organization said. 
Stressing that making accurate estimates of the value of public companies with foreign-made machinery is difficult amid wild fluctuations in the foreign exchange rates, Mir Ali Ashraf Abdollah Pouri-Hosseini added that the organization has to wait till the forex market stabilizes. 
He noted that a total of 74 companies have been put up for privatization since the beginning of the current year (March 21), of which 45% have successfully been handed over to private owners....

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