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Source: https://www.inss.org.il/publication/coronavirus-and-iran-economy/
The Impact of the Coronavirus Pandemic on the Iranian Economy
(Institute for National Security Studies-Tel Aviv University) Raz Zimmt and Tomer Fadlon - The Iranian economy is experiencing a particularly critical period after several months when it appeared to be stabilizing, once it adjusted to the sanctions regime. Recovery was also seen in the stabilization of the rial, after it collapsed in 2018 and lost 2/3 of its value. Moreover, the coronavirus outbreak took place in March, just prior to Nowruz, the Iranian New Year, which is a peak period for business and consumer activity. Nonetheless, no systemic economic collapse is evident at this stage, and there are no signs of a lack of essential goods or a loss by government authorities of the ability to ensure regular supply of essential services. Dr. Raz Zimmt is a research fellow and Dr. Tomer Fadlon is a research associate at INSS.