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Islamic Republic of Iran

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  • International Monetary Fund
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    Abstract

    Domestic demand continued to grow at rapid rates, despite corrective fiscal and monetary policy measures. Although trade and financial sector reforms advanced and foreign direct investment (FDI) regulations were liberalized, there was less progress in improving the business environment, reducing labor market rigidities, and restructuring and privatizing public enterprises. IMF staff stressed the need for further advances in trade liberalization, improved fiscal management, financial system restructuring, labor market reform, privatization, and elimination of subsidies. The managed float exchange regime remains appropriate for Iran.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=16856
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 03/279.

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    Length: 56
    Date of creation: 05 Sep 2003
    Date of revision:
    Handle: RePEc:imf:imfscr:03/279

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    Postal: International Monetary Fund, Washington, DC USA
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    Keywords: Article IV consultations; Economic conditions; foreign exchange; exchange rate; banking; foreign exchange market; banking supervision; current account balance; exchange rate unification; banking system; effective exchange rate; exchange restrictions; government finance; exchange system reforms; bank group; nominal effective exchange rate; multiple currency practices; banking sector; capital expenditure; domestic liquidity; real effective exchange rate; current expenditure; exchange rate regime; official exchange rate; accounting system; exchange rate management; macroeconomic stability; floating exchange rate; excess liquidity; stable exchange rate; capital adequacy; bank lending; exchange rate system; interbank market; floating exchange rate regime; exchange rate arrangement; bank loans; current exchange rate regime; market exchange rate; exchange rate level; bank balance sheet; basket of currencies; bank securities; banks ? loans; international reserve; bank intervention; floating exchange rate system; current exchange rate; exchange rate target; bank deposits; foreign investment; exchange reserves; reserve requirement; bank governor; foreign exchange restrictions; banking system assets; exchange rate policy; average exchange rate; bank credit; banking statistics; flexible exchange rate; bank staff; bank activities; banks ? assets; exchange rates; foreign exchange reserves; exchange rate flexibility;

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