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Steinitz: Iranian Economy 18 Months Away from Collapse
(Jerusalem Post) Herb Keinon - The Iranian economy is 18 months away from collapse, Intelligence Minister Yuval Steinitz said Monday. He said international sanctions have caused about $100 billion in damage to Iran's economy. In addition, inflation in Iran is currently 40% a year and unemployment is 25-30%. The rial, Iran's currency, has been devalued by 180%, and the country has a negative economic growth of 5.4%.