Memo

Iranian exporters to suffer impact of frozen exchange rate

To:

Al-Monitor Pro Members

From:

Dr. Bijan Khajehpour

Managing Partner, Eurasian Nexus Partners, Vienna, Austria

Date:

Jan. 9, 2023

Bottom Line:

As long as the underlying political factors are not addressed, Iran’s national currency will lose value and put additional pressure on the Iranian economy and society. The latest decision by the Central Bank of Iran (CBI) to freeze the exchange rate for one year, won’t provide the economy with the level of certainty and predictability that is required for meaningful economic development.

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