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Iran's Inflation Hits 40 Percent, Highest in 23 Years

(Foundation for Defense of Democracies) Saeed Ghasseminejad - The Islamic Republic may be able to delay economic collapse by tapping into its currency reserves, cutting infrastructure spending, and bypassing sanctions to the extent that it can. But as time passes, its diminishing currency reserves and lack of foreign and domestic investment will almost certainly sap employment numbers, weaken domestic supply lines, and inhibit the import of consumer and capital goods. This would put the regime in danger of financial collapse. Given Tehran's growing economic crisis, the administration should maximize its maximum pressure campaign and not be overly anxious for a deal. The writer is a senior Iran and financial economics advisor at FDD.
2019-08-14 00:00:00
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