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Entries in Iran Primer (5)

Sunday
Jan062013

Iran Feature: The Economy in 2013 (Harris)

Iran's economy enters 2013 significantly worse than a year ago, particularly with higher inflation and unemployment than at the beginning of 2012. The past year was probably the most tumultuous economically for Iran since 1994, when an external debt crisis triggered a serious inflationary shock and a recession.

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Saturday
Aug182012

Iran Feature: An Introduction to the Currency Problems (Harris)

Currency Trading in TehranInflation in Iran’s economy has not been this bad since the end of the Iran-Iraq War or the economic crisis of the early 1990s, which also caused high inflation. The rial’s value began to slide rapidly at the beginning of 2012 after the United States announced new sanctions above and beyond the latest U.N. sanctions. The slide was due partly to the psychology of sanctions.

In that sense, a certain percentage of the public --- and their expectations --- helped cause the more rapid slide. They don’t think the Central Bank can stabilize the rial in the medium term. People who have money are buying gold, dollars, and real estate to protect their wealth. Everybody is making individual decisions that are pushing the rial down because everyone is holding onto foreign currencies.

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Tuesday
Oct182011

Iran for Beginners: So What is This $2.8 Billion Bank Fraud?

Former Bank Melli Head Mahmoud Reza KhavariThe Islamic Republic will pay a price whatever course the government takes. If the Iranian judiciary actually exposes the full details of high-level corruption, the government stands to lose further legitimacy even among loyal cadres. Yet if the state does nothing, strife among political factions could deepen, undermining attempts to implement policy changes that could address the country's many social and economic ills.

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Thursday
Sep152011

Iran Feature: Parliament, the Regime, and the Influence of the Clerics (Alem)

Today, the role of the clerics in parliament from both factions can be described as negligible. There are only a few exceptions to this rule.

Does the trend in parliament reflect clerical influence in other spheres of power?

No. Clerics are still at the crux of all the three branches of government.

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Thursday
Mar312011

Iran Snapshot: Who is Esfandiar Rahim-Mashai? (Rahimkhani)

In 1984, Rahim-Mashai joined the Intelligence Ministry in Kurdistan, where he met Mahmoud Ahmadinejad, then governor of the northwestern city of Khoy. The two men developed a close friendship that has endured almost three decades.

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