Virginia Tech economist Djavad Salehi-Isfahani’s recent explanation of the rial situation in Iran generated a lot of attention, and much in the way of non-expert criticism, likely because it deviates considerably from the prevailing narrative on Iran’s economy: it’s about… Continue Reading
by Djavad Salehi-Isfahani Last April, in a column for this blog I predicted that sanctions are very unlikely to force Iran to renegotiate the multilateral nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA). In particular, I argued that… Continue Reading
by Djavad Salehi-Isfahani The decision by the Trump administration not to renew the temporary waivers that had allowed eight countries to continue to import Iranian oil will further reduce Iranian oil sales and worsen Iran’s already difficult economic situation. But… Continue Reading
by Djavad Salehi-Isfahani For anyone watching the Asian Football Confederation (AFC) Champions League final, hosted in Tehran’s Azadi stadium on Saturday, the only disappointment was the nil-nil score that denied Iran’s team first place in Asia. The stadium scene was… Continue Reading
by Djavad Salehi-Isfahani It’s not every day that Iran’s bazaar merchants close their shops to protest high prices. They are of course not protesting the high price of bread or chicken, whose prices have not increased, but of dollars, which… Continue Reading