Islamic Republic of Iran: Selected Issues and Statistical Appendix

September 27, 2002

Summary

This Selected Issues paper for the Islamic Republic of Iran deals with the analytical considerations relating to the choice of the exchange regime. This issue came to prominence with the exchange rate unification of March 2002. The paper also examines the competitiveness of the non-oil economy, fiscal sustainability, and the labor market of Iran. The paper concludes that a degree of flexibility in the exchange rate is needed at this juncture, given Iran’s exposure to oil price shocks, and the desire of the authorities to promote the development of non-oil activities.

Subject: Employment, Exchange rate arrangements, Exchange rates, Foreign exchange, Inflation, Labor, Oil, Oil prices, Prices

Keywords: administered CPI inflation rate, Asia and Pacific, Central America, chapter II, competitiveness problem, CR, East Africa, Employment, exchange rate, Exchange rate arrangements, Exchange rates, Inflation, inflation dynamics, inflation equation, Iran, ISCR, Middle East, North Africa, Oil prices, Sub-Saharan Africa

Pages:
127
Volume:
2002
DOI:
https://doi.org/10.5089/9781451818963.002
Issue:
212
Series:
Country Report No. 2002/212
Stock No:
1IRNEA0022002
ISBN:
9781451818963
ISSN:
1934-7685

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