Mechanism of Sanction impacts on Foreign exchange and national economy and The strategy for achieving resilient economy

Baghestani Meybodi, Masoud; Memarnezhad, Abbas

Mechanism of Sanction impacts on Foreign exchange and national economy and The strategy for achieving resilient economy

Document Type : Original Article

Authors

¹ Ph.D. in Economics, Islamic Azad University, Science and Research Branch, Department of Economics, Tehran Iran.

² Assistant Professor, Islamic Azad University, Science and Research Branch, Department of Economics, Tehran, Iran.

Abstract

During recent decades, Iran's economy experienced numerous fluctuations, some of them, such as reliance on oil revenues, high inflation and high unemployment rate, are now chronic . The other economic problems, among others, are sizable share of oil-related exports, bank-based financial system and lack of market depth. These features leave the economy highly prone to external shocks.
An important area, affected by the sanctions and affecting various economic sectors, is the foreign exchange market.
. This study examines the effects of recent sanctions on foreign exchange market as well as the consequences of foreign exchange fluctuations, due to sanctions, on economic sectors and economic variables, in order to identify SWTOs in exchange market and the related markets. The research proposes approaches for reaching a esilient economy.

Keywords