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(Twitter) Saeed Ghasseminejad - In a report, Iran's Parliament Research Center estimates the value of capital flight between March 2016 and March 2018 to be around $59 billion, $13 billion in the last three months. The report expects an even higher number for March 2018-March 2019 period due to the return of sanctions. The report shows country's currency reserve decreased $16.3 billion between March 2016 and January 2018 with an accelerating trend. If sanctions cut the inflow of foreign currency, one can expect Iran's currency reserve to decrease more and its access to it even at a faster rate. 2018-05-30 00:00:00Full Article
Capital Flight from Iran $59 Billion since March 2016
(Twitter) Saeed Ghasseminejad - In a report, Iran's Parliament Research Center estimates the value of capital flight between March 2016 and March 2018 to be around $59 billion, $13 billion in the last three months. The report expects an even higher number for March 2018-March 2019 period due to the return of sanctions. The report shows country's currency reserve decreased $16.3 billion between March 2016 and January 2018 with an accelerating trend. If sanctions cut the inflow of foreign currency, one can expect Iran's currency reserve to decrease more and its access to it even at a faster rate. 2018-05-30 00:00:00Full Article
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