Experts: Iran on Verge of Collapse In Light of Economic Sanctions

October 1, 2013

Author: 

Yitzhak Benhorin

Publication: 

YNet News

Iran's foreign exchange reserves have fallen from $90 billion to no more than $70 billion in the last nine months and only $15 billion may be immediately accessible, according to experts.  Research by Roubini Global Economics and the Foundation for Defense of Democracies shows that much of Iran's reserves are deposited in overseas accounts and can only be used to purchase products in in these countries.