Sunday , 19 May 2024

Social and Political

Will Iran’s economy collapse?

Al-Monitor – Turbulent developments in the past few months on the foreign exchange and gold markets in Iran and the government’s failure to manage runaway prices has compelled some economists to start using the term “bubble economy.” The interrelationship among various markets within the country’s economy was explained in a June 14 Al-Monitor piece. In this article, however, we will …

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Rouhani under fire amid second day of protests in Iran

AL-Monitor – As the unofficial exchange rate in Iran hit a record 90,000 rials to the dollar June 24, a second day of protests erupted in Iran. On June 24, shopkeepers selling cellphones and computer equipment at two main malls in Iran went on strike over the sudden increase in the unofficial rate — until recently, the black-market, unofficial exchange …

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