Political Economy of Policymaking of the Central Bank of the Islamic Republic of Iran in Currency Challenges Affected by External and Domestic Variables (2012-2018)

Document Type : Research Paper

Authors

1 PhD student, Department of Political Science, Public Policy, South Tehran Branch, Islamic Azad University, Tehran, Iran.

2 Assistant Professor, Department of Political Science, International Relations, Payam Noor University, Shahriar Branch, Shahriar, Iran.

3 Associate Professor, Department of Political Science, International Relations, South Tehran Branch, Islamic Azad University, Tehran, Iran.

Abstract

One of the economic and political means to impose the demands of a country, or in other words, to secure its interests by another country, is the use of sanctions. In this case, a large and influential country in the world of politics and economics will be able to impose restrictions on a smaller and less influential economy, imposing economic and political costs on another country. This situation will take on more serious dimensions if other important economic and political players in the world join the large sanctioning country. The situation that is envisaged regarding the sanctions imposed on the Iranian economy is that in addition to the political dimensions, the undesirable economic effects and consequences have also been significant over the years. In this regard, the role of the Central Bank in setting a favorable exchange rate policy is very important. Therefore, this article deals with "An analysis of the Central Bank's exchange rate policy in the currency crises of 2012 and 2018."

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