Iran’s economy is showing signs of foundering just as the country
prepares to inaugurate its first new president in eight years, with
Western sanctions cutting ever deeper into the Islamic republic’s
financial lifelines and increasing pressure for a nuclear deal with the
West.
A welter of new data shows accelerated financial hemorrhaging across multiple sectors, from plummeting hard-currency reserves to steadily falling oil exports, Iran’s main source of foreign cash. U.S. officials and analysts say the tide of bad news will complicate the task awaiting Hassan Rouhani, the incoming president, but it could also increase Iran’s willingness to accept limits that would preclude it from developing nuclear weapons.
http://www.washingtonpost.com/world/national-security/irans-economic-crisis-deepens-as-rouhani-prepares-to-take-office/2013/08/02/530ba704-fba7-11e2-a369-d1954abcb7e3_story.html?hpid=z1
A welter of new data shows accelerated financial hemorrhaging across multiple sectors, from plummeting hard-currency reserves to steadily falling oil exports, Iran’s main source of foreign cash. U.S. officials and analysts say the tide of bad news will complicate the task awaiting Hassan Rouhani, the incoming president, but it could also increase Iran’s willingness to accept limits that would preclude it from developing nuclear weapons.
http://www.washingtonpost.com/world/national-security/irans-economic-crisis-deepens-as-rouhani-prepares-to-take-office/2013/08/02/530ba704-fba7-11e2-a369-d1954abcb7e3_story.html?hpid=z1
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