The contradiction between providing subsidies and continuing the monetary policy that causes inflation, especially exchange-rate jumps, plunges the country into a vicious circle, and he warned against relying on inflationary borrowing and money creation to finance the subsidy program, which empties it of its real value.
A review of Iranian newspapers addressed Washington's threats to target the fortified Kolang facility near Natanz, warning of an uncalculated confrontation that could threaten navi…