Banking Fragility Deepens in Sanction-Hit Iran

[ed]

Ayandeh’s collapse comes as eight other Iranian banks face possible dissolution unless they implement urgent reforms, according to the Central Bank.
Years of sanctions, currency devaluation, and restricted USD access have weakened the sector.
Meanwhile, local crypto markets are also under pressure, with Nobitex losing $81 million in a June hack, further eroding public trust.

[kelson10]

Sanctions are clearly taking a toll — the fragility of Iran’s banking system is becoming impossible to ignore.

[alex10]

It’s sad how ordinary citizens end up paying the price for political and economic struggles.