Economist In Iran Says Big Chunk Of Crisis Due To US Sanctions
Written by Black Hot Fire Network on February 26, 2023
An Iranian economist says the role of US sanctions in causing economic chaos in Iran has been significant, as the national currency continued its free fall on Sunday.
Iranian government officials, experts and the regime’s opponents have long argued that economic sanctions imposed by the Trump administration since 2018 inflicted a serious blow to Iran’s weak economy, but few have ventured to quantify the impact.
What is clear now is that Iran’s oil-dependent currency, the rial, fell from 35,000 to more than 600,000 against the US dollar in exactly . . .
