Tuesday 13th Nov 2018 

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News: Iran Economy

“Super Inflation” in Iran as New Sanctions Hit

“Super Inflation” in Iran as New Sanctions Hit

By By Amir Taghati

On Monday, the US sanctions hit Iran’s energy and bank sector. Meanwhile, officials in Iran dismiss concerns about the impact of the sanctions on the economy, and claim that nothing serious has happened.

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Iran Economy Will Not Survive With Mullahs in Charge

Iran Economy Will Not Survive With Mullahs in Charge

By Staff Writer

The impact of US sanctions on Iran, imposed in August, is only just beginning to be seen, but the Iranian economy was already facing a major crisis, thanks to decades of corruption and mismanagement by the mullahs.

This unstable economy was shaken by the nationwide anti-regime protests that sprung up last December and the US withdrawal from the nuclear deal in May dealt a near fatal blow. Let’s look at how the economy is shaping up.

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SWIFT Pressured by U.S. Treasury to Disconnect Iran Regime

SWIFT Pressured by U.S. Treasury to Disconnect Iran Regime

By Staff Writer

According to reports, US Treasury Secretary Steven Mnunchin said, "I can assure you our objective is to make sure that sanctioned transactions do not occur whether it's through SWIFT or any other mechanism. Our focus is to make sure that the sanctions are enforced.” The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a global financial messaging service that connects more than 11,000 banks in more than 200 countries. The US Treasury is in negotiations with the SWIFT network to disconnect Iran.

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