Islamic Republic of Iran: Selected Issues

Publication Date:

April 4, 2014

Electronic Access:

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Summary:

This Selected Issues paper on Iran focuses on the Targeted Subsidy Reform Law (TSRL). This is the basic law governing the implementation of the subsidy reform in Iran. The TSRL envisaged bringing subsidized prices close to international levels over a five-year period. The paper reviews the implementation of the first phase of the subsidy reform, with a particular emphasis on macroeconomic management. The sharp depreciation of the exchange rate and high inflation significantly undermined progress under the reform. High inflation partially reversed the relative price change under the reform.

Series:

Country Report No. 2014/094

Subject:

English

Publication Date:

April 4, 2014

ISBN/ISSN:

9781475516159/1934-7685

Stock No:

1IRNEA2014002

Pages:

49

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