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Islamic Republic of Iran: Recent Economic Developments

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  • International Monetary Fund

Abstract

This paper reviews economic developments in the Islamic Republic of Iran during 1990–96. Iran experienced heightened macroeconomic instability in the first quarter of 1995/96. Among the contributing factors, the announcement by the United States of intensification and extension of sanctions had a pronounced negative impact on expectations. This triggered a run on the foreign exchange market and buying in the goods market. The free market exchange rate shot to Rls 6,200 per US$1 and consumer prices rose by 14 percent during April–May, which raised the 12-month consumer price inflation to 59 percent in May.

Suggested Citation

  • International Monetary Fund, 1998. "Islamic Republic of Iran: Recent Economic Developments," IMF Staff Country Reports 1998/027, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1998/027
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    Citations

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    Cited by:

    1. Askari, Hossein & Jaber, Mohamed, 1999. "Oil-exporting countries of the Persian Gulf: What happened to all that money?," Journal of Energy Finance & Development, Elsevier, vol. 4(2), pages 185-218.
    2. Vahabi, Mehrdad, 2006. "Ordres contradictoires et coordination destructive: le malaise iranien [Contradictory orders and detructive coordination: the Iranian disease]," MPRA Paper 13235, University Library of Munich, Germany, revised Sep 2008.
    3. Mehrdad Vahabi, 2017. "Coercive state, resisting society, political and economic development in Iran," CEPN Working Papers hal-01583595, HAL.
    4. Mehrdad Vahabi, 2017. "Coercive state, resisting society, political and economic development in Iran," Working Papers hal-01583595, HAL.
    5. Vahabi, Mehrdad, 2006. "Between Social Order and Disorder: The Destructive Mode of Coordination," MPRA Paper 4, University Library of Munich, Germany.
    6. Vahabi, Mehrdad, 2011. "Soft budget constraint and the parastatal sector," MPRA Paper 37926, University Library of Munich, Germany.
    7. Amin Yousefi-Sahzabi & Kyuro Sasaki & Hossein Yousefi & Yuichi Sugai, 2011. "CO 2 emission and economic growth of Iran," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 16(1), pages 63-82, January.
    8. Vahabi,Mehrdad, 2019. "The Political Economy of Predation," Cambridge Books, Cambridge University Press, number 9781107591370, September.

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