Insider news & Analysis in Iran

“How am I supposed to make my empty food basket even smaller to save for my million-toman drug costs?”

By INU Staff

INU - Most contemporary regimes depend on the capitalist system of economy, specifically the free market economy. A robust economy is the lifeblood of a country. A failing economy negatively affects the entire country. Therefore, a country’s main concern should be keeping its economy healthy. However, in Iran, the primary concern of its Islamist politics appears to be the spread of its ideology, irrespective of the high cost to its citizens.

By INU Staff

INU - Iranian state media announced on Wednesday that it would start tethering its currency exchanges to the euro instead of the dollar, in line with a plan that had first been floated years earlier as part of an effort to limit reliance on American currency. However, Reuters noted that it was not immediately clear whether the plan would be met with participation from a majority of relevant parties. Despite contrary government pressure, ordinary Iranians continue to use the US dollar for trade and savings, and various Iranian businesses continue to rely on it for international transactions.

By INU Staff

INU - Worries that U.S. actions will cripple Iran’s economy appear to have caused the country’s rial to lose 35 percent of its value against the dollar. Iran’s rial hit a record low early this week.

By INU Staff

INU - The Iranian currency dropped more than a fifth of its value since 2017 and now at an all-time low, mainly thanks to the Iranian Regime’s corruption and war-mongering.

By INU Staff

INU - With the uncertainty surrounding the future of the 2015 Iran nuclear deal, the Iranian rial has hit a record low. Iranians, concerned about what will happen if the United States exits the deal, are hoarding, even despite the crackdown that is being placed on foreign exchange dealers.

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