https://www.gatestoneinstitute.org/16722/iran-mullahs-turmoil
Iran’s currency, the rial, lost more than half its value so far just in 2020.
Iran’s regime is currently running a $200 million budget deficit per week and it is estimated that if the pressure on Tehran continues, the deficit will hit roughly $10 billion by March 2021. This deficit will, in return, increase inflation and devalue the currency even further.
Iran’s militia groups are subsequently receiving less funding to pursue their terror activities. This shortfall may be why, for the first time in more than three decades, Hezbollah’s leader, Hassan Nasrallah, made a public statement asking people to donate money to his group.
Iran’s ruling mullahs desire to maintain the JCPOA. It not only provided their regime with many benefits including economic relief and global legitimacy; at the same time, it ignored Tehran’s military adventurism in the region, its ballistic missile program and its support for terror groups across the Middle East. Most importantly, the JCPOA also paved the way for Tehran ultimately to become a nuclear state.
The “maximum pressure” policy against Iran’s ruling mullahs is working and must absolutely continue.
The Iranian regime is in turmoil thanks to the “maximum pressure” policy implemented by US President Donald J. Trump against the ruling mullahs.
Iran’s currency, the rial, lost more than half its value so far just in 2020. That decline makes it one of the most worthless national currencies in the world. As of October 25, the rial traded on unofficial markets at 300,500 to the US dollar. The rate has pushed the Iranian authorities to agree on removing four zeros from its currency, which has gone into a virtual free-fall. Two years ago, one US dollar was worth nearly 30,000 rials.
