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The Collapsing Iranian Economy
(Israel Hayom) Danny Zaken - New data emerge almost daily pointing to the collapse of Iran's economy: enormous domestic and foreign debts, bankruptcies, a majority of the population falling below the poverty line, 55% according to external figures, and the freezing of accounts belonging to the National Iranian Oil Company by an Iranian state-owned bank over massive debts. Pay in the civilian public sector has been cut in half, as have pension payments.