Iran’s Currency Collapse Accelerates as Inflation Surges

Iran’s currency collapse accelerates as inflation surges

Even based on official figures, food prices have risen by an average of 55 to 165 percent over the past year, and the prices of several medicines have doubled in recent weeks. By Dalga Khatinoglu, The Middle East Forum The Iranian rial has resumed falling at an increasingly rapid pace in recent days, with new record lows set almost daily. The Iranian currency has lost 20 percent of its value in just one month, with the U.S. dollar now trading at…

Iran Regime on the Brink of a Food Crisis as Inflation, Currency Collapse, and Misrule Push Millions Toward Hunger

From a police officer contemplating selling his kidney to expert warnings of famine, signs of a looming food crisis are spreading across Iran Soaring prices, collapsing purchasing power, and acute shortages of foreign currency for imports have pushed Iran to the edge of a food crisis. What was once discussed quietly among experts is now surfacing publicly, even within the ranks of the Iran regime itself. Analysts warn that the convergence of inf…