US Sanctions Pushed Iran to Brink of Bankruptcy - Washington Free Beacon
I’d like to go much farther than just “the brink”.
Iran burned through nearly all of its cash reserves in the final years of the Trump administration as harsh economic sanctions crippled the country’s economy and brought the hardline regime to the brink of financial collapse, according to findings published by the International Monetary Fund.
The Islamic Republic had $122.5 billion on hand in 2018 and just $4 billion by 2020, when the former administration’s "maximum pressure" campaign on Tehran was at its height, according to the IMF’s 2021 Middle East and Central Asia report, which tracks the region’s economies. Iran burned through $118.5 billion in two years, nearly depleting its cash reserves. The country’s coffers are forecast to grow by several billions in the coming years as the Biden administration moves to unwind sanctions as part of an effort to reenter the 2015 nuclear deal.
Regime change must be our goal in Iran. The Ayatollahs must be removed as a political force. Economic sanctions are the best way to do that. We were soooooo close.
And now it looks like our new President will just destroy years of hard work.
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