Steinitz: Iranian Economy 18 Months Away from Collapse

0

 yuval-steinitzThe Iranian economy is 18 months away from collapse, Israeli Intelligence Minister Yuval Steinitz said Monday.

He said international sanctions have caused about $100 billion in damage to Iran’s economy. In addition, inflation in Iran is currently 40% a year and unemployment is 25-30%.

The rial, Iran’s currency, has been devalued by 180%, and the country has a negative economic growth of 5.4%.

{Matzav.com Israel News Bureau}

LEAVE A REPLY

Please enter your comment!
Please enter your name here