Iran's economy on track to shrink by 90 percent

Raphael Badani:
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In terms of oil exports, Iran was selling 3.8 million barrels per day, and today it is down to 1 million, leaving the government with a loss of billions of dollars.  Inflation is a serious concern in Iran.  The official Iranian rial-to-dollar exchange rate is 42,000:1.  But on some currency exchange websites, the rate is as low as 115,000:1.  In terms of the rising cost of living, it is said that the sanctions have led to higher food prices, leaving Iranian citizens buying rotten food and small amounts of food.  Due to the dire economic situation, Iranian citizens are furious with their government and demand change. 
The recent International Monetary Fund forecast echoes an earlier prediction from the World Bank.  By the end of 2020, they predict that Iran's economy will have shrunk by 90 percent.  Economic sanctions are taking a toll on the economy and are ultimately affecting the nation's ability to sponsor terrorism, as well as retaliatory attacks against the U.S.  In addition to oil exports, which are the backbone of Iran's economy, other sectors are hurting.  This is a win for the U.S., as the sanctions are proving to assist in counter-terrorism efforts while also bringing down an enemy in the hope for change. 
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From Washington's standpoint, the two options when it comes to dealing with Iran are either economic sanctions or military action. Armed action would inflict collateral damage on innocent civilians more so than economic sanctions, especially on Iraq, Iran's troubled neighbor.
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The Iranian people are already tired of their terrible Islamic Republica.  How long the tyrants have left is still an open question.  Trump has also sanctioned the general responsible for killing protesters.

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