Islamic Republic of Iran: Selected Issues and Statistical Appendix

International Monetary Fund

No 2002/212, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; exchange rate; Iran; inflation equation; inflation dynamics; administered CPI inflation rate; chapter II; competitiveness problem; Exchange rates; Exchange rate arrangements; Inflation; Employment; Oil prices; Asia and Pacific; Middle East; Central America; North Africa; Sub-Saharan Africa; East Africa (search for similar items in EconPapers)
Pages: 127
Date: 2002-09-27
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