Tuesday, January 19, 2016

Today's Zaman - Iran faces crisis if it fails to attract cash flow

“It is hardly sustainable that Iranian banks restore their lending capabilities in a market where interest rates hover around 22 to 27 percent. … Plus, the government may be forced to hike taxes and that would be a blow to already weak markets,” the report read. It also added that the Iranian government could have difficulties in repaying debts amid “drying cash resources abroad.” “The only way for Iran to exit a possible crisis would be a long-term oil exports deal with such large markets as India, Japan, China as well as Western countries with fixed prices,” the report added....

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