By Salman Parviz

Can deleting zeros from local currency remedy inflation?

TEHRAN -- Although inflation is a global issue but it is more severe in Iran than most countries mainly due to U.S. sanctions and now that E3 (France, Germany and UK) triggered snapback, UN sanctions came into effect from Saturday, three months after Israel and the U.S. bombed Iran. The snapback sanctions will make matters pertaining to commodity prices worse. The imposition of snapback sanctions essentially kills Joint Comprehensive Plan of Action (Iran nuclear deal). Iran has recalled its ambassadors from E3.