Iran capital flight

Capital flight from Iran is accelerating just as oil revenues decline, according to new data from the Central Bank of Iran—a convergence that helps explain the sharp fall of the national currency in recent months. Central bank (CBI) figures show that, even before accounting for sanctions-evasion costs or discounts offered to Chinese buyers, the nominal […]

Iran’s Supreme Leader, Ali Khamenei, has dismissed the latest protests as the work of ‘vandals’ seeking to ‘please the U.S. president’. He insists the Islamic Republic ‘will not back down’. While unconfirmed reports suggest he may have a contingency plan to flee should security forces falter, a more firmly documented exodus is already underway —