The Biden administration seems more determined than ever, however, to reward Iran s dangerous and predatory regime by returning to a deal that has sunset clauses, as well as an expiration date after which the mullahs can enrich uranium, spin centrifuges at any level they desire, and make as many nuclear weapons as they like.
A return to the 2025 deal would help to lift all major sanctions against Iran sanctions it took years to put in place. The deal would enable Iran s military sites to be exempt from inspection by the International Atomic Energy Agency. The deal would allow Iran to rejoin the global financial system with full legitimacy, so that billions of dollars could begin flowing into the treasury of Iran s Islamic Revolutionary Guard Corps (IRGC) and its expanding militias across the Middle East.
Government to blame for Iran’s deepening recession
Dr. Majid Rafizadeh
Iranians queue at a money exchange in Ferdowsi square, Tehran, Iran, July 2, 2020. (Reuters)
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When the Iranian authorities boast about Iran’s “resistance economy,” they are attempting to hide the fact that the government’s economic problems have deepened to a dangerous level.
Iran’s official reserves dropped to a record low of $4 billion last year, down from $122.5 billion just two years earlier. This has partially contributed to the devaluation of the currency. Iran’s currency was trading at about 30,000 rials to the US dollar in 2018, compared to approximately 240,000 now.