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(Wall Street Journal) Sune Engel Rasmussen and Aresu Eqbali - A deepening economic crisis is slashing the buying power of Iranians even before the bite of looming U.S. sanctions. President Hassan Rouhani on Wednesday replaced the head of the country's central bank, while 90 members of parliament called to impeach the economy minister. Inflation is running at 12%, Iran's oil exports have dropped 8% in the past two months, and youth unemployment stands at 30%. The unofficial value of the Iranian rial has roughly halved since the start of the year, to 95,000 to the dollar.2018-07-26 00:00:00Full Article
Iranians under Pressure in Flailing Economy
(Wall Street Journal) Sune Engel Rasmussen and Aresu Eqbali - A deepening economic crisis is slashing the buying power of Iranians even before the bite of looming U.S. sanctions. President Hassan Rouhani on Wednesday replaced the head of the country's central bank, while 90 members of parliament called to impeach the economy minister. Inflation is running at 12%, Iran's oil exports have dropped 8% in the past two months, and youth unemployment stands at 30%. The unofficial value of the Iranian rial has roughly halved since the start of the year, to 95,000 to the dollar.2018-07-26 00:00:00Full Article
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