SS: Iran isn’t a typical candidate for a currency crisis. It is oil-rich, with an educated population and a glistening stock of foreign reserves. The issue is that its economic problems have a specific political source: Its leaders won’t contemplate dialing back their nuclear program.
Many traders importing foreign goods have simply stopped doing business. Tehran’s central market, the bazaar, has been largely closed since Sunday. Merchants said the fast-falling currency means they take big losses on every sale.
With protests building, the government has temporarily shut universities and schools citing the cold weather, a move analysts said was an effort to contain the demonstrations but which is adding to the sense of crisis.
Many Iranians are linking their worsening quality of life to their government’s insistence on continuing the nuclear program. A poll in October 2024 found that 78% of Iranians see Tehran’s foreign policy as the cause of their economic problems, according to the Middle East Institute, the Washington think tank that commissioned the study. About 47% of Iranians want Tehran to halt uranium enrichment to prevent another war, while 36% want the program to continue, according to a November survey by Gamaan, a research group based in the Netherlands.
hero_killer on
Actually Iran developing their nuclear program is the safest and most efficient for them to protect their sovereignty.
DaySecure7642 on
If Iran, Pakistan, India and North Korea are „allowed“ then why not Japan, Germany or South Korea? Or only authoritarian countries can become new nuclear powers after WW2 for some reason?
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SS: Iran isn’t a typical candidate for a currency crisis. It is oil-rich, with an educated population and a glistening stock of foreign reserves. The issue is that its economic problems have a specific political source: Its leaders won’t contemplate dialing back their nuclear program.
Many traders importing foreign goods have simply stopped doing business. Tehran’s central market, the bazaar, has been largely closed since Sunday. Merchants said the fast-falling currency means they take big losses on every sale.
With protests building, the government has temporarily shut universities and schools citing the cold weather, a move analysts said was an effort to contain the demonstrations but which is adding to the sense of crisis.
Many Iranians are linking their worsening quality of life to their government’s insistence on continuing the nuclear program. A poll in October 2024 found that 78% of Iranians see Tehran’s foreign policy as the cause of their economic problems, according to the Middle East Institute, the Washington think tank that commissioned the study. About 47% of Iranians want Tehran to halt uranium enrichment to prevent another war, while 36% want the program to continue, according to a November survey by Gamaan, a research group based in the Netherlands.
Actually Iran developing their nuclear program is the safest and most efficient for them to protect their sovereignty.
If Iran, Pakistan, India and North Korea are „allowed“ then why not Japan, Germany or South Korea? Or only authoritarian countries can become new nuclear powers after WW2 for some reason?