Iran needs to overhaul monetary operating framework – IMF
The Central Bank of the Islamic Republic of Iran urgently needs to overhaul its monetary framework, as the absence of important policy tools is fuelling instability, a report by the International Monetary Fund warns.
"The monetary policy framework in Iran has resulted in high and volatile inflation," the fund says in a document published alongside its Article IV report on the country. Iran has suffered from periods of "sustained high inflation", in contrast to many emerging markets.
Part of the
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