Subsidy
On January 16, President Mahmoud Ahmadinejad told Parliament that Iran needs to cut reliance on petrodollars “once and for all.” Iran’s oil revenues have dropped 45 percent in the last nine months, according to parliament’s budget committee chief. Ahmadinejad also admitted that…
Kevan Harris What is the state of Iran’s economy in 2013 compared to a year ago? Iran's economy enters 2013 significantly worse than a year ago, particularly with higher inflation and unemployment than at the beginning of 2012. The rial also plunged from around 11,000 to the dollar…
Kevan Harris What is the state of Iran’s economy in 2013 compared to a year ago? Iran's economy enters 2013 significantly worse than a year ago, particularly with higher inflation and unemployment than at the beginning of 2012. The rial also plunged from around 11,000 to the dollar…
Kevan Harris Iran’s biggest economic problem is the growing production slump at its factories and workshops. For both workers and the business elite, Iran's domestic industrial troubles are far more pressing--and generating far more public anxiety--than international…