Iran Watch Inflation Edition

The militaristic diplomacy between the U.S. and Iran over the latter’s supposed nuclear weapons capabilities is wreaking havoc on the Iranian economy.

Via EA Worldview

The Supreme Leader may have declared this week that Iran would triumph over those who imposed sanctions, but not everyone seems to have read the script — Deputy Speaker of Parliament Mohammad Reza Bahonar has said the domestic economic situation will not improve soon.

Tough luck trusting the Supreme Leader’s economic declarations…

An EA source reports that a relative in Tehran ordered a washing machine for 400,000 Toman (about $240) this week. When he went to the shop the next day, he was told that — amidst the currency crisis and rising import costs — the price was now 800,000 Toman (about $480).

Another EA source says that the price of an item of software for a laptop computer has tripled from 50,000 Toman to 150,000 Toman within days.

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