(ConservativeInsider.org) – When former President Donald Trump was preparing to leave the White House at the end of 2020, Iran’s cash reserves were at a meager $4 billion dollars. Under the former president’s “maximum pressure” campaign, the Middle Eastern nation struggled with inflation, unemployment, and, obviously, a cash shortage. Now, all those issues are ebbing away as President Joe Biden lightens pressure on Iran.
The International Monetary Fund’s (IMF) October report predicted that Iran’s cash reserves will be over $31 billion by the end of 2021 and over $42.9 billion by the close of 2022. Much of this money came from illegal oil trading with China and other nations, as Iran has exported enormous amounts of illicit crude oil while the Biden administration turns a blind eye.
CEO of the Foundation for Defense of Democracies Mark Dubowitz shared more about this on Twitter:
Maximum concessions diplomacy as Iran's stockpile of accessible hard currency has skyrocketed during the Biden administration.
IMF: From $4 billion at end of 2020 when sanctions were at their height, to more than $31 billion by end of 2021. https://t.co/FTXGtua2un
— Mark Dubowitz (@mdubowitz) November 9, 2021
Biden’s lackadaisical approach to Iran is likely to try and bring the country back into the 2015 Nuclear Deal, which could allow the nation to stock up even more cash. However, the more sanctions that Biden relaxes, the happier Iran gets and the less it’s required to return to any type of deal. Hopefully, these numbers actually make it to Biden’s desk so he understands that his policies are, once again, increasing Iran’s ability to threaten surrounding countries as well as the US.
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