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| Syria-Lebanon-Iran |
| Iran's Economy Is on the Verge of Collapse |
| 2018-10-06 |
| [AmericanThinker] Many economics experts believe that Iran is entrenched in a financial death spiral. Officials within the regime of the Islamic Republic of Iran (IRI) claim that the gravity of economic crisis there is overstated. Furthermore, Islamist regime-sponsored lobby factions in the United States, such as the National Iranian American Council (NIAC), argue that fiscal predicaments the country is facing are consequences of malign U.S. policies toward the Iranian regime, including the enforcement of crippling economic sanctions. The truth is, precarious economic circumstances in Iran have been primarily ‐ if not exclusively ‐ triggered by a plethora of iniquitous economic policies adopted by the regime. This is evident by various indicators. The conversion rate of Iranian rial (IRR) to foreign currencies is one of the most important tools by which the country's economic well being can be gauged. The IRR has lost its value by nearly 70% since April 2018, a month before U.S. president Donald J. Trump reimposed sanctions on the Iranian regime over its rogue nuclear activities. And all this without a single shot (except IAF in Syria) fired |
| Posted by:g(r)omgoru |