Iranians are afraid of economic collapse

The Iranians are fear of the collapse of Iran's economy which is being declined by poor governance and corruption according to the French Le Point newspaper.

6 August, 2018 15:10

NEWS DESK

Iran and its people are living in deep concern just hours before the first package of the US sanctions comes into force amid fears of the repercussions of this crisis and its danger on the economy in Tehran.

According to the French Le Point newspaper, the Iranians are concerned about the collapse of the Iranian economy that is declining due to corruption of the regime.

The Iranian regime fears the sanctions to lead to holding more demonstrations and protests over the country, fearing of further deterioration of the economy and the living situation in the country.

Analysts noted that Iran might witness a sharp decline in its oil exports from 2.4 million barrels per day to 700 thousand barrels by the end of the year.

The demonstrations which are witnessed in the country have begun to protest against corruption, the collapse of the Iranian currency’s value, unemployment and waste of funds to implement the policies of the Iranian regime in the area.

A.H

ANHA