via Lobe Log
The Guardian is reporting that a ”reformulated” proposal including “limited sanctions relief” will be launched by the five permanent members of the UN Security Council plus Germany (p5+1) after the US presidential election.
Earlier this week Al-Monitor reported along the same lines and Secretary of State Hillary Clinton made
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 Lobe Log
The US and EU are touting Iran’s currency woes as proof that sanctions are working, though it’s not clear to what end. The Wall Street Journal reports that the Western powers “are working on new coordinated measures intended to accelerate the recent plunge of Iran’s currency and drain its foreign-exchange reserves”:
The first [...]
Iran’s economy is not on the verge of collapse
via Lobe Log
The sharp drop in the value of the rial in the last two weeks has created much excitement in Iran and abroad, but mostly for the wrong reasons. In the parallel (or free) market for foreign currencies, the [...]
via IPS News
As Iran faces economic unrest, discussion is intensifying over the impact sanctions are having on Iran’s economy.
But experts doubt that the current situation portends the end of the Iranian regime or Iranian capitulation to Israeli and Western-led demands that it change its nuclear stance.
“You have now a market [...]
via Lobe Log
The Iranian rial has been in free fall for the last few days. Inflation has been ramping up for the last few months as the rial has lost more than 50 percent of its value over the last year. Unemployment is up to maybe 25 percent plus, and quite a [...]
via Lobe Log
Lobe Log publishes Hawks on Iran every Friday. Our posts highlight militaristic commentary and confrontational policy recommendations about Iran from a variety of sources including news articles, think tanks and pundits.
John Bolton, Mark Wallace & Kristen Silverberg, Wall Street Journal: This week members of the
By Kevan Harris
via the United States Institute of Peace
What are the primary reasons that the Iranian rial has lost half of its value against the U.S. dollar in just one year? Iran’s currency was valued at about 10,000 rials to the dollar in the summer of 2011. It plummeted to more than [...]
via Lobe Log
This past week a couple of articles have been published that hint at the central incoherence of the United States’ Iran policy. The arguments are not necessarily new, but they show in concrete terms how the stated objective of US sanctions, which is to change the calculations and behavior of Iran’s [...]
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Hawks Warn that Iran hyperinflation no cause for US celebration (yet)
via Lobe Log
Commentary magazine’s Jonathan Tobin warns the Obama Administration that it should not chalk up Iranian hyperinflation (the rial fell to 35,000:1 against the US dollar this week) and the outbreak of bazaar protests over the situation as a sign of success in forcing the Islamic Republic to abandon its [...]