Home -> Law Blog Directory -> Academic Blogs -> Instapundit.com

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Academic

: Instapundit.com

SANCTIONS HAVE SLASHED AYATOLLAH IRAN?S WAR-MAKING CAPACITY: In 2017, the Trump administration re?

By Austin Bay

ADVERTISEMENTS

SANCTIONS HAVE SLASHED AYATOLLAH IRAN’S WAR-MAKING CAPACITY:

In 2017, the Trump administration re-imposed economic sanctions with the goals of stopping Iran’s nuclear weapons program and penalizing the regime’s malign behavior, such as its vicious oppression of its own people, its waging of proxy wars, its engaging in transnational crime and its seeding violence globally.

U.S. sanctions have the devalued Iran’s currency. StrategyPage.com recently reported that in 2015, one U.S. dollar bought 32,000 Iranian rials (open market rate). In September 2020, 260,000 rials bought a buck. Now it takes 315,000. Note Iranian companies importing food and medicine have a subsidized official exchange rate: 42,000 rials to the dollar.

The regime survived the arms embargo, but 2020 rials don’t buy the guns they did in 2015.

Read the entire essay.

Full post as published by Instapundit.com on October 21, 2020 (boomark / email).