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Trump says Iran's economy is collapsing. A former central bank adviser in Tehran pushes back

Thursday, August 20, 2026


A former adviser to Iran's central bank told CNBC that while Iran's economy is deteriorating due to mounting sanctions, it is not unraveling. The statement came in response to assertions by former U.S. President Donald Trump that Iran's economy is collapsing. Iran has faced increasing economic pressure from U.S. sanctions in recent years.

Original reporting: https://www.cnbc.com/2026/08/20/iran-economy-worries-trump-sanction-war-hormuz-uae-.html

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