via Lobe Log
by Jamal Abdi
The notion that U.S. sanctions on Iran are supposed to act as diplomatic leverage to get a nuclear deal may be dispelled once and for all by a new Congressional action now in the works.
The House is poised to move ahead with a new round of [...]
via Lobe Log
By Erich C. Ferrari and Samuel Cutler
Contained in the Defense Authorization Act (NDAA) of 2013, and signed into law by President Obama on January 2, are sweeping new sanctions targeting Iran over its disputed nuclear program. The new measures target foreign entities engaging in a wide array of transactions with [...]
via Lobe Log
In the past few days there have been a string of reports regarding the harmful impact of sanctions on the Iranian population. Issues related to rising prices, the inability to import medicine for life threatening diseases because of financial sanctions and even life threatening pollution caused by domestically-produced gasoline, [...]
By Erich Ferrari
via Sanctions Law
This was a big year for sanctions. Although 2012 isn’t over yet and there is some pending legislation threatening to impose more sanctions against Iran and a forthcoming set of regulations from OFAC on some of the additional Iran sanctions we saw in the late summer/early fall, [...]
via Lobe Log
Virginia Tech economist Djavad Salehi-Isfahani’s recent explanation of the rial situation in Iran generated a lot of attention, and much in the way of non-expert criticism, likely because it sways considerably from the prevailing narrative on Iran’s economy: it’s about to collapse. But Salehi-Isfahani is sticking to his guns. [...]
via Middle East Economic Survey
By Jahangir Amuzegar
*Dr. Amuzegar is a distinguished economist and former member of the IMF Executive Board.
During the last 12 months, and particularly since January 2012, the erratic and unhinged behavior of the Iranian currency, the rial, has been added to the Islamic Republic’s other thorny and protracted [...]
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