News: Iran Economy
By Amir Taghati
The Iranian economy has been the weakest over the past few years. It has always experienced major fluctuations – at least since the anti-Monarchical Revolution of 1979. This has been because of factors such as the Iran Iraq war during the eighties and the time international sanctions were in place from 2012 to 2016 before the Joint Comprehensive Plan of Action (JCPoA) was signed.
By Shahriar Kia
The mullahs in Iran have now celebrated the 40th anniversary of their malign regime, but few ordinary Iranians have anything to rejoice over. There are many problems that have been caused by the Iranian Regime’s corruption and mismanagement, but today, we’re going to look at just one: the economy.
By Hamideh Taati
Iran is planning to take measures to ease the economic pressure it is under. Last year, the United States withdrew from the 2015 nuclear agreement and re-imposed sanctions that have had a major effect on the country’s economy.
Iran plans to get rid of four zeros from the rial, making the official exchange rate with USD 4.2 instead of the current 42,000. However, to the ordinary person in Iran, this will make no difference because the rial’s value is much less. Only a few days ago the dollar was trading at 120,000 rial on the black market.