Middle East
Publisher:
Author: Bloomberg
12 Jul 2011
Publisher:
Author: vision.org
15 Jun 2011
Iran to use all tools to stop currency slide
Iran's central bank announced a raft of measures to prop up the rial currency on Wednesday after a rush for dollars forced a devaluation. The measures, including raising domestic interest rates, come after the bank said earlier this week it was injecting billions of dollars into the market to stabilise the currency.