Iran's broken financial system

Politico

By ELIZABETH ROSENBERG and RICHARD NEPHEW

The Iran nuclear deal was destined to be controversial in its negotiation, conclusion and implementation. Nowhere is the deal more complex than in the area of sanctions relief. But blaming sanctions for the failure of a windfall for Iran to materialize — as critics and supporters alike are saying — misplaces attribution and undermines prospects for the deal’s success.

Iran has already received some benefit from the nuclear deal. The stabilization of its economy, which began after President Hassan Rouhani was elected, has permitted some reforms and economic regeneration. But expectations of the deal were high and have yet to be satisfied.

Read the full article