Iranian Economy On Verge Of Collapse, Says Israel -- The Guardian
Sanctions creating great economic difficulties, says finance minister in a further indication that military action may be on hold.
Sanctions against the Iranian regime are pushing the Islamic Republic's economy into deep crisis, according to key Israeli officials in comments seen as a further indication unilateral military action may have been put on hold.
The Iranian rial fell 5% to an all-time low against the US dollar on Saturday, according to financial websites. The value of the rial has fallen by almost 57% since June last year, leading to big price increases for imported goods.
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More News On Reports That Iran's Economy Is On The Verge Of Collapse
Israel finance minister says Iran economy "on verge of collapse" -- Reuters
Israeli finance minister says Iran's economy 'on verge of collapse' -- Business Recorder
Iranian: 'Our money is becoming more and more worthless every day' -- NBC
Not-Crippling-Enough Sanctions? -- Ali Gharib, Daily Beast