Islamic Republic of Iran : Recent Economic Developments.

This paper reviews economic developments in the Islamic Republic of Iran during 1990-96. Iran experienced heightened macroeconomic instability in the first quarter of 1995/96. Among the contributing factors, the announcement by the United States of intensification and extension of sanctions had a pr...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:IMF Staff Country Reports; Country Report ; No. 1998/027
Online Access:Full text available on IMF
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245 1 0 |a Islamic Republic of Iran :   |b Recent Economic Developments. 
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520 3 |a This paper reviews economic developments in the Islamic Republic of Iran during 1990-96. Iran experienced heightened macroeconomic instability in the first quarter of 1995/96. Among the contributing factors, 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 USD 1 and consumer prices rose by 14 percent during April-May, which raised the 12-month consumer price inflation to 59 percent in May. 
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