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October 1, 2013 8:47 am

Report: Iran Economy On ‘Verge of Collapse’

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Iran's Supreme Leader, Ayatollah Ali Khamenei. Photo: WikiCommons.

Ynet – Nine months ago, Iran had $90 billion in foreign-exchange reserves, according to the International Monetary Fund (IMF) and the Wall Street Journal; experts estimate that today Iran is left with no more than $70 billion.

Mark Dubowitz of the Foundation for Defense of Democracies claims that on paper, Iran is left with $50 billion, yet in practice Iran may have access to as little as $15 billion, that “may cover as little as three months of imports.”

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  • E Pluribus Beagle

    Keep going. Grind them into the dirt.

  • Their own medicin

    I think the IMF should give the same type of assurances to Iran as the Irainian government gives about the purpose of their nuclear program….Well we’ll kinda, sorta, maybe extend credit. Or better yet, they extend a million dollars for every UN nuclear inspection where ever the inspectors want to go? If not, let them choke on their words.