Iran’s economic crisis a consequence of political malaise: creates options for shift in regime?

Richard Goldberg, Saeed Ghasseminejad
12th April 2018 - Quoted by Democracy Digest

All this week panicked Iranians have gathered in throngs outside banks and other financial businesses hoping to buy dollars, as the government seeks to head off a collapse in the rial, the national currency, the New York Times reports.

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Iran’s rial weakened to a record low of 60,000 to the dollar on the free market this week, according to Reuters. That marked a 50 percent drop in the rial’s value from a year ago, VOA adds. The faster the rial falls, the weaker the regime becomes, say Richard Goldberg and Saeed Ghasseminejad of the Foundation for Defense of Democracies. The crisis provides an opportunity to isolate Iran’s clerical leaders and empower its people, they write for the Hill.

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