What is the impact of Iran's currency collapse under US sanctions?

US President Trump officially announced the resumption of sanctions against Iran. This made the Iranian economic situation worse after the United States announced its withdrawal from the "the Iranian nuclear deal" in May, and the currency plummeted on a large scale. The continuing economic turmoil in Iran has also dealt a great blow to Afghan immigrants in Iraq.

According to Yahoo News and Agence France-Presse, there has always been a scene in western Afghanistan recently. A large number of Afghan immigrants in Iraq squeezed into dilapidated taxis and were taken to the Four Seasons Freedom Hotel on the western border of Afghanistan for temporary stay. They are just some Afghan immigrants who were forced to go home after Iran's currency plummeted.

It is reported that so far, more than 440,000 Afghans have voluntarily or been expelled from Iran. This is directly related to the resumption of sanctions against Iran by the United States. Sanctions have had a great impact on Iran's currency, which plummeted and triggered large-scale inflation-inflation. This not only directly affects the savings of Iranian families, but also destroys the income of local Afghan immigrants.

According to reports, Afghans on the verge of unemployment and despair have been crossing the Iraq-Arab border in recent years, looking for different jobs to support families struggling in poverty. Among them, many families are suffering from the worst drought in the history of Afghanistan, which not only aggravated the suffering caused by the 17 riots, but also deepened their economic dependence on their relatives working in Iran.

Abdul Mousavi went to Iran three years ago and worked in an automobile factory in the central city of Isfahan with a monthly salary of18,000 afghani (equivalent to US$ 260). At the age of 22, he sends money to his parents and nine brothers and sisters every month to supplement his father's meager income as a taxi driver. However, with the Iranian currency Rial plummeting, the current monthly income has shrunk to 6,000 afghani (US$ 87).

It is reported that taking a taxi from the border to Four Seasons Freedom Hotel in Herat is about 140 km. Mousavi hopes to find a better job in Afghanistan. "There is no point in going home, but I have to do it." Mousavi said.

According to the statistics of the International Organization for Migration, up to now, the number of people who returned to Afghanistan from Iran in the first seven months of 20 18 is more than twice that of the same period of 20 17. Eva Govor, a spokeswoman for the organization, said that in 20 18, the number of Afghans returning from Iran was unprecedented. Of the 440,000 people counted, about 200,000 returned voluntarily, and the remaining 240,000 were deported because Iran strengthened border control.

The International Organization for Migration predicts that Iran's economy will continue to be in trouble and the number of people returning to Afghanistan will continue to increase due to US sanctions on currency, key industries and oil sales. They will also have an impact on the local economy of Afghanistan. Many local families in Afghanistan have long relied on the income of relatives working in Iran, and now their lives will be more difficult. Coupled with the lack of water and food caused by drought, more than 70,000 people in Afghanistan have been forced to move to cities, which has intensified the competitive pressure of job hunting in cities.

The young man who worked in the cucumber farm in Isfahan, Iran for one year told AFP that his income plummeted by 60% due to the devaluation of the currency. If he still can't find a suitable job after returning to Afghanistan, he will go to another country, maybe Turkey or Germany.

Peace * * *.

The news comes from Netease News.