Iran is under siege. Inflation and currency decline threaten the economy.
In the north of the Iranian capital, the stores appear to be semi-free, with inflation rising to about 90 per cent and low purchasing power, with exchange rates rising to about 2.7 million euros per dollar. Which prompted the factories to announce their bankruptcy and dismiss their employees. Is Iran on the threshold of economic collapse?
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Iran is under siege. Inflation and currency decline threaten the economy. — Image credit: France 24 (العربية)
In the north of the Iranian capital, the stores appear to be semi-free, with inflation rising to about 90 per cent and low purchasing power, with exchange rates rising to about 2.7 million euros per dollar. Which prompted the factories to announce their bankruptcy and dismiss their employees. Is Iran on the threshold of economic collapse?