IMF Staff Country Reports

Islamic Republic of Iran: Selected Issues and Statistical Appendix

Publication Date:

September 27, 2002

Electronic Access:

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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.

Series:

Country Report No. 2002/212

Subject:

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