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Iran Matters

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For Academic Citation:Iran Matters,” https://www.belfercenter.org/publication/iran-matters.

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Iran Currency

AP Photo/Vahid Salemi

Is Iran's Economy Collapsing?

    Author:
  • Arash Pourebrahimi
| Aug. 07, 2018

Iran Currency

AP Photo/Vahid Salemi

Iran’s economy is having difficulties for sure but is far from “collapsing”. While the Iranian rial has lost more than 50 percent of its value against the US dollar in the unofficial market since January 2018, this is nothing new for Iran’s economy. Every president since the end of Iran-Iraq war had to deal with a sort of analogous currency crisis.