Iran’s banking crisis has nothing to do with Trump

“Solving the banking crisis is the priority for us now, our No. 1 problem, and we have to resolve it,” quotes Bloomberg Teymur Rahmani, professor of economics at the University of Tehran, in an article which focuses to explain how independent the recent banking crisis in Iran is from the Trump threatens.

Bloomberg refers to a report by the Central Bank of Iran in January which puts the total bad loans at $26.6 billion. About 11 percent of total lending. This figure was 15% in 2013, when Prsedident Hassan Rouhani took office.

According to Parviz Aghili, the CEO of the Middle East Bank, a private bank, overhauling the banking system could cost the country about 200 billion USD, nearly about half of Iran’s GDP.

See the original article: Iran’s Biggest Threat Has Nothing to Do With Trump