Tag: rial devaluation
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Iran Sanctions Return Deepens Economic Crisis in Iran
Background: Sanctions Return Tightens the Stranglehold on Iran’s Economy The international community has revived the pressure on Iran as UN sanctions came back into force, following stalled negotiations with Western powers over Tehran’s nuclear program. The move, backed by the snapback mechanism used by three European powers nearly a decade after the JCPOA, tightens existing…