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"The Miracle Project in Tehran": Parliament Moves to Fix the Dollar and Abolish Interest Rates Amid Record Inflation and Anticipated Economic Contraction.
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With inflation nearing 90 percent and expectations of a contraction in the Iranian economy, a three-pronged “Resistance Economy” plan has been submitted to parliament for approval. The plan includes fixing the exchange rate for five years, reducing bank interest rates to zero, and limiting cash subsidies to the three lowest-income brackets. The Mehr News Agency reported that the 24-article plan […] The post “The Miracle Project in Tehran”: Parl…
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