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In 2002 the "official rate" a/k/a "preferred rate" (Rls 1,752:US$1) was abolished, and the TSE rate became the basis for the new unified foreign-exchange regime. [48] Iran's Central Bank channels more than 90 per cent of hard currency into the local market (2012).
Price level indexes (PLIs), with the world average set at 100, are calculated by dividing the purchasing power parities (PPPs), where 1 PPP equals 1 US dollar in the US, by the market exchange rates, also equated to 1 US dollar. These ratios are then adjusted to align with the global average, which is standardized at 100.
Government loans and credits are available to industrial and agricultural projects, primarily through banks. Iran's unit of currency is the rial which had an average official exchange rate of 9,326 rials to the U.S. dollar in 2007. [37] Rials are exchanged on the unofficial market at a higher rate. In 1979, the government nationalized private ...
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
US dollar/Iranian rial historical exchange rates (2003–2013) Iran's population reached 70 million in 2006. More than half of the Iranians are under the age of 30, and the literacy rate stands above 80%.
As of 2010, the price-to-earnings rate in Iran's market stands at around six while it is 15 in regional markets. [citation needed] With the removal of obstacles to foreign investment Iran could potentially have a 2,000–3,000 billion US dollar stock exchange market.
Iran says its nuclear program is peaceful, but it has expanded uranium enrichment since Trump, in his 2017-2021 presidential term, pulled out of a deal between Tehran and world powers that put ...
As of this posting the free market exchange rate is 550,000 rials to the dollar or 55,000 toman. The value has been cut in half over the past 13-14 months. The inflation rate is reported to be over 50% which means, all else being equal, it will be cut in half yet again in the next 1-2 years.