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Speaking of Iran

Iran to Unify Rial Exchange Rate With Dollar After Nuclear Deal Implemented

November 24, 2015
Speaking of Iran
Iran to Unify Rial Exchange Rate With Dollar After Nuclear Deal Implemented
Iran to Unify Rial Exchange Rate With Dollar After Nuclear Deal Implemented

BLOOMBERG BUSINESS

BY LADANE NASSERI

Iran plans to unify the rial’s exchange rates with the dollar after the nuclear accord signed with world powers is implemented, according to the country’s central bank Governor Valiollah Seif.

“We have a very stable currency market, but to proceed toward a unified exchange rate requires accelerating the country’s access to foreign currency,” Seif said in an interview in Frankfurt on Wednesday. “It can happen once the nuclear deal is implemented, maximum six months after that.”

 

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