Conventional wisdom states that currency depreciation in oil-producing countries are contractionary because demand effects, limited by the prevalence of oil exports priced in dollars, are more than offset by adverse supply effects.
This paper provides a brief overview of the evolution of exchange rate policy in the Islamic Republic of Iran from 1993 to 2002 and reviews the basic criteria for the choice of the exchange rate regime in the medium term.
This study examines money demand and inflation dynamics in the Islamic Republic of Iran using quarterly data for the period 1990/91-2001/02 and tests whether the disinflation during 2000/01-2001/02 represents a structural break in the data.
... Iranian rial with the aim to unify the exchange rate under a fioating system. Yet, due to the persistence of high infiation rates (caused by the expansionary fiscal and monetary policies) ... exchange rate and oil/gas exports. 114 B. H. ...
... Iran's cumulated inflation during the seven-year period compared with those of its trade partners would have warranted some 90% devaluation of the Iranian rial. In actuality, the exchange rate only rose from $1 = IR9,025 in 2005 to $1 ...
... rial profits from certain foreign direct investments. The MCPs arise from (1) ... rate system and (2) obligations of entities that had received ... exchange market Spot exchange market Operated by the central 656 Islamic Republic of Iran.
... exchange rates of the Iranian rial were unified in March 2002 , after which the authorities adopted a market- based managed floating exchange rate system . This paper discusses issues related to the choice of the exchange rate regime in ...
... Iranian economy plummeting in many industries suffered heavy losses Europe ... exchange rate plummeting, prices continued to rise sharply, government ... rial currency devaluation also. 2011 annual average exchange rate for the dollar ...
" PROPOSED RULE MAKING DEPARTMENT OF AGRICULTURE taining pool plant status. rates for the Iranian rial ... Exchange Con- trol Act of March 1 , 1936 , subsequent amendments thereto ... rate was fixed at 17 rials per United States dollar ...
