It is possible to say that privatization, which was expected to reduce the government's financial burden, has practically turned into a tragedy in Iran.

Iran-Russia cooperation in banking and finance within the framework of Russian financial systems will provide an opportunity to bypass Western sanctions against the two countries.

If the nuclear talks in Vienna result in a deal, the exchange rate is expected to regress to 16,000-18,000 tomans.

The situation of the foreign exchange reserves is predicted to worsen along with other economic indicators in Iran, where the sanctions have imposed critical challenges.

The expectations of the industrial sector, as a crucial dimension of the economy, are significant for the future terms in Iran which get closer to the election with the new year.

Although Rouhani’s recent financial package is noteworthy, without reducing the geopolitical risks and addressing the structural problems in Iran, the package can only buy some time.

Iran may not be able to withstand pressure much longer

Iran’s economy has witnessed multi-tier and unstable exchange rate systems which echo different ideological priorities, necessities of profitability in semi-market conditions and rentseeking contributions.

Ankara is also particularly concerned with the straining US-Iran relations and the comprehensive economic sanctions.