Government to blame for Iran's deepening recession
Government to blame for Iran’s deepening recession Dr. Majid Rafizadeh Iranians queue at a money exchange in Ferdowsi square, Tehran, Iran, July 2, 2020. (Reuters) Short Url https://arab.news/4s6f8 When the Iranian authorities boast about Iran’s “resistance economy,” they are attempting to hide the fact that the government’s economic problems have deepened to a dangerous level. Iran’s official reserves dropped to a record low of $4 billion last year, down from $122.5 billion just two years earlier. This has partially contributed to the devaluation of the currency. Iran’s currenc...