Iran’s Currency Collapse Has All the Markings of a Full-Blown Crisis

Matters are beginning to come to a head in Iran.
So far, the impact of Western sanctions – an EU embargo of oil purchases, European and U.S. restrictions on Tehran’s access to international banking, and a new move to intensify the trading restrictions even further – have had a devastating impact.
Iran’s currency, the rial, has collapsed.
Riots have begun. Its government has rapidly lost its authority. And the Iranian economy is unraveling.
This has all the markings of a…

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