{"id":27766,"date":"2018-10-23T16:02:46","date_gmt":"2018-10-23T10:32:46","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=27766"},"modified":"2018-10-23T16:02:46","modified_gmt":"2018-10-23T10:32:46","slug":"the-big-squeeze","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/the-big-squeeze\/","title":{"rendered":"The big squeeze"},"content":{"rendered":"

The big squeeze<\/a><\/p>\n

News:<\/u><\/strong><\/p>\n

    \n
  1. Iran is reeling under the impact of reimposed sanctions after U.S. walked out of the nuclear deal.<\/li>\n<\/ol>\n

    Important facts:<\/u><\/p>\n

    2. Iran\u2019s currency rial has lost over 50% of its value this year, pushing up prices and compelling consumers to convert their savings into gold and other assets.<\/p>\n

    3. Any additional squeeze could worsen domestic tensions.<\/p>\n

    4. Iran\u2019s President Hassan Rouhani in July dropped central bank governor, for incompetence in handling the fallout from the currency crisis.<\/p>\n

    5. Tehran managed to double its oil exports, climb out of a deep recession and contain inflation.<\/p>\n

    6. With return of economic sanctions, Iran has been prohibited from using the U.S. currency, and faces a bar on trade in cars, metals and minerals.<\/p>\n

    7. New central bank chief has announced a relaxation of foreign exchange rules, creating access to subsidized hard money for purchase of essential commodities.<\/p>\n

    8. He also declared the reopening of currency markets.<\/p>\n

    9. Concern areas:<\/u><\/p>\n