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Iran Inflation Erodes Household Purchasing Power Amid Sanctions, War
Al Jazeera AR·IR·about 8 hours ago
Iran's central bank governor publicly rejected US assertions of economic collapse despite oil exports falling to zero, the rial losing 35% of its value, and inflation at 73.6% amid tightened sanctions and a naval blockade. The statement is a defensive rebuttal, not a data-driven denial, and signals mounting economic strain. The collapse of oil exports and currency depreciation suggest severe external pressure, but the governor's rhetoric may aim to manage domestic expectations.
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