One Iranian regime expert described the crippling currency crisis as incurable adding there is no easy and magical solution to control the currency market.
“The country’s economy has been involved in an enormous amount of trade, and production inside the country has had no appeal or output for investors,” the expert added.
“When there is no strategy or planning to attract attention and activate the production market, liquidity at over 380 trillion tomans (around $270 billion) will lead investors and traders towards bogus markets such as the currency and thus cause inflation,” he said.
“The country’s economic dependence to oil exports, the recent multi-dimensional sanctions that have decreased income and created lack of confidence in the investing market, numerous and incoherent remarks made by the country’s economic officials, each of these can cause mayhem in the market,” he concluded.