President Trump’s New Iran and Turkey Policy is Working
US Sanctions – Iran’s Economy in Free Fall
7/31/18, Iran is on its way to hyper inflation with its currency, the rial, worth next to nothing. The collapse comes as Washington considers a new round of sanctions. While DC is not officially talking regime change in Tehran, it certainly is in the backs of minds on the Hill.
7-30-18, The Iranian rial plunged to 112,000 for each US dollar Sunday on unofficial markets, a further decline from 97,500 rials.
8-14-18, Although the writing was on the wall for months, the Turkish economy hit the rocks last week. Plagued by a chronic current account deficits. Fears over Turkey’s financial position sent its currency spiraling to a fresh record low, hitting 7.2 lira to the US dollar. The lira has now lost a third of its value, as the crisis has escalated alarmingly. Turkish President Recep Tayyip Erdogan asked citizens to convert their dollars and other foreign currencies as well as gold holdings to lira.
The ruble, Russia's national currency, is tumbling, to lows that may impact Russia hard for the foreseeable future.
Trump administration imposes more sanctions on Russia
The Trump administration under a chemical and biological warfare law following the poisoning of a former Russian agent and his daughter in the UK earlier this year, the State Dept announced more sanctions on Russia. Ban on licenses to export sensitive national security goods to Russia: electronic devices and components, along with test and calibration equipment for avionics. Possible suspension of the state airline Aeroflot's ability to fly to the United States and cutting off nearly all exports and imports.
Russian Ruble Drops in Value vs USD: Cause Sanctions
8-14-18, The U.S. dollar has risen nearly 2% since Aug 9, 2018. Since April 17, 2018 when this move started, the dollar has surged over 8%, based on the WSJ Dollar Index, which tracks the dollar against the currencies of 16 key trading partners, including Mexico and China. From its low on February 16, 2018 the dollar has now risen 9.3% to the highest level since May 10, 2017.
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