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international / anti-war / imperialism / other press Monday January 14, 2013 12:56 by Atash
Iran is rapidly running out of vital medical supplies due to sanctions and an unavailability of foreign currency to buy supplies. The sanctions levied against Iranian banks, which are effectively cut off from the global financial system, have made it nigh impossible for Iranian companies to finance imports of whole drugs or raw ingredients, analysts say. "There is not a proper channel through which they can pay, unless they send somebody to Pfizer with a suitcase full of cash," says Muhammad Sahimi, an Iranian political analyst and engineering professor at the University of Southern California. Sanctions against Iran's oil industry have left the country short on foreign currency reserves. This week a prominent Iranian parliamentarian said oil revenues had declined 45% in the last nine months. Iran's currency, the Rial, is also believed to have lost 80% of its value against the dollar since the beginning of 2012, making imports prohibitively expensive. read full story / add a comment |
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