Islamic Republic of Iran: Selected Issues

April 4, 2014

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Format: Chicago

Islamic Republic of Iran: Selected Issues, (USA: International Monetary Fund, 2014) accessed December 21, 2024

Summary

This Selected Issues paper on Iran focuses on the Targeted Subsidy Reform Law (TSRL). This is the basic law governing the implementation of the subsidy reform in Iran. The TSRL envisaged bringing subsidized prices close to international levels over a five-year period. The paper reviews the implementation of the first phase of the subsidy reform, with a particular emphasis on macroeconomic management. The sharp depreciation of the exchange rate and high inflation significantly undermined progress under the reform. High inflation partially reversed the relative price change under the reform.

Subject: Consumption, Currencies, Energy prices, Energy pricing, Inflation, Monetary policy, Monetary policy frameworks, Money, National accounts, Prices

Keywords: Cash transfer, Consumption, CR, Currencies, Energy prices, Founding document, Global, Government, Inflation, Iran, ISCR, Monetary policy, Monetary policy frameworks, NDFI resource, NDFI supervisor, Output variability frontier, Price, SWF assets

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/094
Stock No:

1IRNEA2014002
ISBN:

9781475516159
ISSN:

1934-7685

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