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As of December 2024 Iran was experiencing its deepest and longest economic crisis in its modern history. The ministry of social welfare last year announced that 57 percent of Iranians are having some level of malnourishment. Thirty percent live below the poverty line. Iranian Rial became world's least valuable currency. [1] [2] [3] [4]
These sanctions have contributed to Iran's economic downturn (recession) in several ways, including the sharp decline in oil revenues, exchange rate jumps and the volatility thereof, dominance of a multi-rate exchange system, limitations imposed on financial and commodity exchanges with foreign countries (as a result of sanctions), increased ...
[69] [71] According to the International Monetary Fund, Iran is a "transition economy", i.e., changing from a planned to a market economy. [72] In 2008, the United Nations classified Iran's economy as semi-developed. [73] In 2014, Iran ranked 83rd in the World Economic Forum's analysis of the global competitiveness of 144 countries.
The narrative portraying Iran as weakened, isolated and on the brink of collapse is not only misleading but also perilous, distorting the reality of its resilience, strategic influence and ...
Widespread discontent over the cratering economy, years of mass protests rocking the country, and tensions with the West over Tehran's nuclear program and Iran's support for Russia in its war on ...
The crash comes at a time of growing dissent within Iran over an array of political, social and economic crises. Iran's clerical rulers face international pressure over Tehran's disputed nuclear ...
Sanctions by the United States and the European Union, coupled with economic mismanagement, were factors involved in a severe economic crisis in Iran in the 2010s. [38] Multiple protests and strikes took place in Iran in December 2017, [39] throughout 2018 [40] [41] and in the first half of 2019. [42]
But in 2015, Iran struck a nuclear deal with world powers which greatly reduced and drastically lowered the purity of Tehran's stockpile of enriched uranium. The rug trade was allowed once again.