Cellphone Prices Remain High in Iran’s Market

While officials claim that cellphone prices have dropped sharply, market observers dismiss the assertion saying that prices remain high.
Officials at the Telecoms Ministry in Tehran have been quoted on several occasions in the press as saying that mobile prices have declined by up to 8% in recent weeks due to the decrease in foreign exchange rates, reports ICTNA.
Last week forex rates declined as the Central Bank of Iran introduced rescue packages for the rial. The national currency has continued its gain against the US dollar in the open foreign exchange market, as the CBI pushed through with its efforts to stabilize the currency that had lost a quarter of its value within six months.