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(Reuters) Davide Barbuscia - Iran's economy is set to fall deeper into recession this fiscal year and foreign reserves could drop to $73 billion by March, a loss of almost $40 billion in two years, the Institute of International Finance said. The IIF said that if the U.S. maintained sanctions, "official reserves would decline to about $20 billion by March 2023." 2020-01-15 00:00:00Full Article
Iran Recession Deepens, Reserves Fall by $40 Billion in Two Years
(Reuters) Davide Barbuscia - Iran's economy is set to fall deeper into recession this fiscal year and foreign reserves could drop to $73 billion by March, a loss of almost $40 billion in two years, the Institute of International Finance said. The IIF said that if the U.S. maintained sanctions, "official reserves would decline to about $20 billion by March 2023." 2020-01-15 00:00:00Full Article
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