subsidized foreign currency

Iran sets new official US dollar rate to stabilize currency market

A new official price for the US dollar has been discovered in an exchange market run by the Central Bank of Iran (CBI).

Financial Markets

Iran’s central bank to launch new currency exchange market

The Central Bank of Iran (CBI) is planning to launch a new currency exchange market in a bid to control the prices and to make it easier for importers to access hard currency generated from exports.

Financial Markets

Iran submits bill to dismantle heavily subsidized exchange rate

The administrative government in Iran has introduced a bill in parliament to remove a heavily subsidized exchange rate which is used to fund imports of staples and medicine into the country.

Macro Economy

Iranian gov’t to end subsidies for medicine imports

The government will put on end to paying subsidized foreign currency to import pharmaceuticals, the health minister said.

Macro Economy