Iranian Rial Again Hits Record Low Amid Tensions With U.S.

ICBPS- Iranian Rial Value fell to a record against the U.S. dollar again as the tensions have spiked with Washington.

The Iranian Rial plummeted Sunday against the U.S. dollar to the nation’s lowest value ever.

Iranian national currency Rial lost more value again a day after the White House announced all the U.N. sanctions on Tehran had been reimposed.

Islamic Republic Of Iran’s Economy In Free Fall

The continuation of Iran’s current domestic and foreign policies and further oil export reductions due to sanctions and the fall of global oil demand after the coronavirus crisis and lockdown will drive the economy into a deeper inflationary recession.  The Iranian regime is obviously unable and unwilling to improve the situation, and the ripple effects from the past four decades will lead Iran to experience “Venezuela-ization” unless Iranians succeed in changing the regime and establish a well integrated system with the global economy.      

Iran Inflation Rate Runs Rampant; Gov. Spends Treasure on “War Games”

As Iranians have stuck in a state of limbo, struggling to survive from hands to mouth, IRI’s kleptocrats spend the billions of windfall cash, provided by the so-called Iran Deal, on “War Games” and fund proxies for its global terror and role in destabilizing the Middle East.

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