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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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