How The Iranian Regime Destroyed It's Economy

How Politics Nuked Iran’s Economy -- Meir Javedanfar, The Diplomat

Iran is facing a threat even more severe than the Stuxnet computer virus, a sophisticated line of code which was reportedly sponsored by the U.S. and Israel, and which destroyed some of Iran’s uranium centrifuges in 2010. In Persian, this affliction is called Siyasat Bazee – in English, playing politics.

The precipitous fall of the Iranian rial against the U.S. Dollar, which has depreciated by more than 40% in the past week and by 75% since the end of last year, points to the perils of Iran’s leaders using economic policy to suit their own political interests. The collapse of the currency ignited protests on the streets of Tehran on Wednesday and some pundits are wondering whether inflation will spell the end of the regime.

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My Comment: When a currency depreciates by almost 75% .... that is when you know that you have a problem. For many Iranians .... that is a realization that is hitting home now.