Steinitz: Iranian Economy 18 Months Away from Collapse

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 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%.

{ Israel News Bureau}


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