Iranian exporters to suffer impact of frozen exchange rate
Al-Monitor Pro Members
Dr. Bijan Khajehpour
Managing Partner, Eurasian Nexus Partners, Vienna, Austria
Jan. 9, 2023
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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