Islamic Republic of Iran: Recent Economic Developments
IMF Staff Country Reports, April 15, 1998
Source details
- Canonical URL
- Islamic Republic of Iran: Recent Economic Developments
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Bibliographic details
- Published: April 15, 1998
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451818901.002
Summary of scope
- Reviews economic developments in the Islamic Republic of Iran during 1990–96.
- Focus on macroeconomic developments and instability in 1995/96.
Key findings and developments
- Iran experienced heightened macroeconomic instability in the first quarter of 1995/96.
- The announcement by the United States of intensification and extension of sanctions had a pronounced negative impact on expectations.
- This triggered a run on the foreign exchange market and buying in the goods market.
- The free market exchange rate shot to Rls 6,200 per US$1.
- Consumer prices rose by 14 percent during April–May.
- The 12-month consumer price inflation rose to 59 percent in May.
Subjects and keywords
- Subjects: Exchange rates, Exports, Foreign exchange, Imports, International trade, Oil exports
- Keywords: balance of payments, Baltics, banking system, broad money, central bank, CR, current account, debt service, Europe, Exchange rates, Exports, foreign exchange, free market, gas export receipt, Imports, ISCR, oil export, Oil exports
Content in this bundle
- Islamic Republic of Iran: Recent Economic Developments - ISCR/98/27