Iran's Crippled Currency

Find my recent commentary on the "Project Syndicate" website: 

While Iran’s leaders have often downplayed the sanctions’ impact, President Mahmoud Ahmadinejad has recently cited them as the primary culprit behind Iran’s economic turmoil. But Iran has faced similar economic difficulties before – in the 1980’s, oil exports fell significantly amid the country’s eight-year war with Iraq, and in 1986-2000 global oil prices were extremely low – and handled them relatively well. Four factors have made the oil embargo particularly unbearable today.

Read the full article on this link:

http://www.project-syndicate.org/online-commentary/us-sanctions-trigger-currency-devaluation-in-iran-by-hosein-maleki-and-somayeh-kaviani