Iran’s central bank warns economy may take 12 years to rebuild after war

[Coyster]

It was obvious to anyone with half a brain that Iran couldn't match the U.S. in terms of military strength. I don't even think the United States displayed close to 10% of its might in this war, maybe the successful rescue of one of their airman trapped in a remote part of Iran would take it close to that though.

That said, Iran were able to wage an economic war by blocking the Strait, that is other than the strikes on their neighbors, which in the long run would do more harm than good to them. They were able to create leverage for themselves through the geographical location of the Strait, and that has resulted in global economic hardship. The U.S.'s counter-measure of forming their own blockade on the Strait, preventing vessels from Iranian ports from passing has also left the rest of the world uncertain as to what's next in this war.

Iran has also announced earlier today that traffic on the Strait would be blocked again, until the U.S. Navy removes its blockade on their port and i'm not sure the U.S. is ready to do that yet. Maybe another round of talks coming up?

[Mhizlove]

Are you here on a crypto forum defending a government that imposes censorship?
Satoshi must be proud of you!

I am not in support of Iranian government but all I can think of right now is the war should end because their government will later be enjoying but the citizens that you are talking about will still be the one suffering from the war aftermath.

In addition when tension and wars start, it do affect the ordinary people more everything will be hard for them safety, food and work and leaders will just be talking from afar but civilians are the ones suffering from it. Its not when the fight is over that war ends because the problem or struggle starts after, because people will be looking for a way to feed, where to sleep will now be a problem and how to rebuild what the fight has damaged or destroyed, it shows that the real victims are not the ones to make decisions. That's why dialogue peace and patience are always better than power and pride

[Zaguru12]

Iran has also announced earlier today that traffic on the Strait would be blocked again, until the U.S. Navy removes its blockade on their port and i'm not sure the U.S. is ready to do that yet. Maybe another round of talks coming up?

This war is just a show of pride with the countries involve all not minding the implications that it will cost to their economy subsequently the citizens, no matter how we actually weighed the negative impact that all of the countries involve will face and which will be greatly affected. It is clear that none of them economical was that OK to go into any war because they are far too Many crisis that those funds wasted on this war would have helped cater for, including even the USA whose economy isn’t at the best even before this war.

There is an indication that there will be talks again in Islamabad with top Officials from both countries this time around including Trump I think will be in seat, but same thing might happen because Iran now feels that with the USA looking for talks they have upper chance in this war and USA doesn’t wants it to look like the war ended because they lost, it’s all about pride than anything in this war and I think Trump words always confirms this. But hopefully they get to use their brains and find a lasting solution to this which seriously I find unlikely to happen in the next few days

[AmaGold70]

When their is war, lives and properties are destroyed, and most times leads to economic meltdown. A lot of destruction have taken place in the war between US, Israel and Iran. Oil facilities have been massively destroyed and the effects of the war has gone beyond the territories of those who are involved in the fight.
Economic revival will surely take long, considering the level of devastation that took place. As for those who have died, they can never return to life, and have gone entirely.
It is disagreeing that leads to war, and people uses war as a medium to settle some dispute. As for me , peaceful dialogue is the best method to resolving issues instead of engaging in war, because the end result of war is not always funny.

[Cryptomultiplier]

When their is war, lives and properties are destroyed, and most times leads to economic meltdown. A lot of destruction have taken place in the war between US, Israel and Iran. Oil facilities have been massively destroyed and the effects of the war has gone beyond the territories of those who are involved in the fight.
Economic revival will surely take long, considering the level of devastation that took place. As for those who have died, they can never return to life, and have gone entirely.
It is disagreeing that leads to war, and people uses war as a medium to settle some dispute. As for me , peaceful dialogue is the best method to resolving issues instead of engaging in war, because the end result of war is not always funny.

Not all wars lead to a peaceful ending, one has to succumb to the other at some point and that's the case Iran is facing right now.
It's just so sad they had to wait till it gets so tight before they come to their senses, not because they are not right for fighting for their rights, but the fact that the battle ground is in their country that they have laboured to build over the years, is already a huge disadvantage to them.

Right now, according to their CBN governor, they would have to restore Internet access so that businesses can thrive again, but it would definitely be after they have reached a diplomatic agreement with the U.S and Israel as regards sanctions and the blockage of the strait of Hormuz. Else, they may actually be taken back to the stone age by the current war they are fighting.

[Churchillvv]

Is that the reason your are happy to post this on this forum?

Because I despise a regime that
- killed thousands of innocents
- a regime that beats and rapes women just because they are women
- a regime that uses child soldiers
- a regime that has ordered terrorist attacks all over the world
- a regime that has cut the internet to hide its crimes

Are you here on a crypto forum defending a government that imposes censorship?
Satoshi must be proud of you!

You should also remember the the US is not innocent of this crimes you mentioned but however, I’m not a fan of control or censorship which means I don’t like the idea of the Iranian regime but however, taking pride on killing people because you have a believe that they own a certain material that could destroy the world yet you have it is an excuse that only people who are heartless will agree with, for someone like me, sovereign nations should have diplomatic dialogue for elimination of threat but the US as a tool in the hand of Israel is what I do not support them for, if the democratic had the leadership I’m sure all the republican nonsense would have existed. Striking pupils in school is the most inhumane action I have heard of, take note that too. So there is no innocent nation in this war they are all guilty, dialogue and diplomacy should be the core element for the resolution.

[STT]

what is left out of IRCG command is a mess,

War is a failure for everyone, a better solution should always be found.  However I find it hard to find the reduction in oppressive government as a negative and that would apply everywhere.
  WW2 was a disaster, but it did at least reset the awful governance that had been the 1930's great depression effects.   I only hope for some small sliver of positives to occur after any seize fire, if people can be prosperous and free Iran need not fear the future or forecasts from those who only measure taxes as a nation's wealth and power.

[Agbamoni]

It is called "having balls". Iran fought a war, knowing their economy would be buried in dust at the end of the war.
I think they are lying actually, it will take more than 12 years to build their economy. While the US and its allies will regain all the money lost to the war in less than a year or two if it takes that long.

Before that war every country that US attacked in 21st century has to surrender but this is first time we are seeing US going for peace talks with a country. Iran has survived an attack at a time from USA as well as Israel. There is no doubt that Iran has faced lot of financial loss due to this war and it will take considerable time to rebuild the economy. One thing about Iran is that the country is one of biggest oil producer in the world and if US lifts sanctions after the war then it will be quite easy for Iran to rebuild its economy.

Huge respect to Iran, they've done what no country has ever done before. Surviving the war against the US and Israel takes a lot of courage and perseverance.

The US government claimed the Iranian regime is committing all sorts of atrocities against people. It is hypocritical that the US is fighting against what they do. Charity begins at home. If you want a well-mannered society for people, start by having those qualities. The Epstein files say a lot about the US, and the justice department has chosen to say nothing about the unrelasesed files.

[viljy]

The most interesting thing is that the reconstruction of Iran for 12 years or longer will be paid for by European residents (to a lesser extent, residents of the United States) through high fuel prices.  As a matter of fact, this is already happening. According to the latest news, Iran has closed the strait again and is collecting fees for the passage of ships. Because prices are clearly not going to return to pre-war levels. At least because the oil production and logistics infrastructure is damaged or destroyed. And in the future, it is unlikely to expect a significant reduction in prices. Actually, the real crisis has not yet begun, while there are still reserves in the vaults.

[stompix]

Huge respect to Iran, they've done what no country has ever done before.

-Killing innocents
-Imposing censorship
-No free vote
-Killing citizens in terrorist attacks
-Piracy?
-Using child soldiers as cannon fodder
-Beating and raping women over a dress code?

Yup, no regime has ever done so, even Hitler and Stalin have stopped at beating women and kids.

Funny how you respect something that goes against everything Bitcoin stands for!

It was obvious to anyone with half a brain that Iran couldn't match the U.S. in terms of military strength. I don't even think the United States displayed close to 10% of its might in this war, maybe the successful rescue of one of their airman trapped in a remote part of Iran would take it close to that though.

Have you seen this forum before March?
Everyone was confident the US would lose the war and Iran will sink all of the US Navy carriers.
But anyhow, you're also right, I never claimed that this forum is full of people that actually use their brains!

[Lucius]

They say 12 years? If they were honest and if the war ended today, maybe that would be true, but considering the destruction they have already suffered and the threats that all power plants and bridges will be destroyed if an agreement is not reached, it seems to me that even 25 years will not be enough for them to recover from the consequences of the war.

I live in a country where the war ended almost 35 years ago and some parts of the country look like the war ended yesterday - and we have been part of the EU for 10+ years.

By the way, don't be surprised that some have a positive opinion of Iran, let's be realistic about some things - the US has created a lot of enemies in that part of the world, and besides, our Iranian "friend" who has been under internet censorship for a long time is their friend.

[Uhwuchukwu53]

It is called "having balls". Iran fought a war, knowing their economy would be buried in dust at the end of the war.
I think they are lying actually, it will take more than 12 years to build their economy. While the US and its allies will regain all the money lost to the war in less than a year or two if it takes that long.

No country that fought war without probagada, this help in covering up the mess that has been created as loophole of not calculating well from the initial stage, if truly the both parties has come to an agreement to end the war because it's not possible even to assertined the level of damages and years to which economy can be built in an ongoing war where both parties involved, is looking for what to do against to inflect more pains to the next. If by virtue that Iran lose by yeilding to given out their uranium it will go beyond their estimated years mostly those infrastructural damage and some resources that may be carted away illegally because the war is already happening in their ground.no country that fight war of this kind that regain in economy easily Iran has lost allot of leader and some countries or allies coming in after this war may not be if direct help but look for where they will benefit, which will make economy not growing as fast as they may think or estimate.

[Oluwa-btc]

-Killing innocents
-Imposing censorship
-No free vote
-Killing citizens in terrorist attacks
-Piracy?
-Using child soldiers as cannon fodder
-Beating and raping women over a dress code?

Yup, no regime has ever done so, even Hitler and Stalin have stopped at beating women and kids.

Funny how you respect something that goes against everything Bitcoin stands for!

168 innocent girls killed in Iran by the US and Israeli strikes
The blockade of Cuba by the United States.
Not focusing on America first.. Where the average American with all of the tax paying do not have access to good health care and education.
The Epstein class?! Raping and killing minors ( Children )
The Genocide in Palestine,  killing 17,000 children.
The Genocide in Lebanon.

There's the Epstein class who's done all these above! So much talk about respect for someone who doesn't give that.

[DiMarxist]

For countries like Iran who has been on UN sanctions and has just been surviving through out and now engulfed in this type of military faceoff with the most dominant Army in the world it's expected that there should be some levels of consequences which may follow.  It will take Iran alot of time to rebuild because war comes with it own price and this is the price of war that Iran has to pay. Iran was not yet ready to engage the united states of America in a direct military standoff they would have used other means to engage with the united states instead of the Military Actions.

[Cheema02]

In addition when tension and wars start, it do affect the ordinary people more everything will be hard for them safety, food and work and leaders will just be talking from afar but civilians are the ones suffering from it. Its not when the fight is over that war ends because the problem or struggle starts after, because people will be looking for a way to feed, where to sleep will now be a problem and how to rebuild what the fight has damaged or destroyed, it shows that the real victims are not the ones to make decisions. That's why dialogue peace and patience are always better than power and pride

Your point about war is very realistic because its highlights the sufferings of normal people. When a conflict is started then the leadership of that region faces very different conditions then the normal civilians because civilians affected badly due to lack of food and loss of livelihood and many other difficults and in reality when ceasefire can be held then war is not stopped because the real challenges actually started after the war because affected people suffers to build homes or find shelters and trying to survive in difficult situation. So those people who are not the part of descions are the actual victims of effected community. And wars also have long term affects on the form of poverty and instability. So the leadership of conflicted contries played  an important role for ensuring stability and protecting human lives of the country.

[programmer3666]

Iran’s central bank warns economy may take 12 years to rebuild after war
Source

So, now that we have a ceasefire, we also have an estimate on the might of the 10%  US army!
Basically, Iran got gangbanged, dap,tap,pim,cim...alll that!

Their former leaders are dead, the new leader is stucked in the printer, what is left out of IRCG command is a mess, their air force is destroyed, their navy sleeps with the fishes, their air defense was a joke, their missiles and drones a poor joke that dwindled in a week to nothing
The blocking of the Arab Gulf by the US Navy cut all their financing, and so, they waved the white flag, claiming victory!

I am not in support of any regime on either side here, but honestly, all this back and forth just keeps ordinary people trapped in suffering while leaders and armies play power games. For God’s sake, at some point you have to ask what the real benefit of this endless war is, because it doesn’t look like there’s any for the citizens. People lose jobs, homes, stability and even their future while everything gets reduced to propaganda and blame. This really needs to end already.

[stompix]

By the way, don't be surprised that some have a positive opinion of Iran, let's be realistic about some things - the US has created a lot of enemies in that part of the world, and besides, our Iranian "friend" who has been under internet censorship for a long time is their friend.

I saw a pattern here, the bigger the shithole of a country a guy lives in the more it is likely to blame the western world for the whole thing rather than taking acountability, trash on the streets, it's the fault of colonialism, crime, it's the fault of the usa not giving us money, killing each other, it's an act of african love us westerners don't undestand because we have no culture!

As for pooya, I already know, once the internet is back on he will come and claim that Iran is a beacon of freedom, all the while gulping down $ in signature campaigns! 

I am not in support of any regime on either side here

You're on a bitcoin forum, a cryptocurrency that can't exist without the internet, how can you be neutral when the Iranian regime imposed a total internet censorship that would make Satoshi spin in his grave?

[FanEagle]

More. Look at Iraq, there is no war there for a while now, the war started in 2003, and it hasn't been in a war for a while, you think Iraq is doing great? Obviously not, wherever USA goes, they leave a destroyed country behind them, and they are proud of it. They do not care what happens, they blame that the regime killed many people and they wanted to bring "democracy" there and get rid of nukes.

But how does it make sense to kill people in Iran to make that happen? And leave a worse nation behind? Obviously all they care about is making sure that Iran finally changes their views, get rid of the regime, get a democratic election, and figure out how to get those oils into USA instead of Russia or China.

[Oluwa-btc]

By the way, don't be surprised that some have a positive opinion of Iran, let's be realistic about some things - the US has created a lot of enemies in that part of the world, and besides, our Iranian "friend" who has been under internet censorship for a long time is their friend.

I'm not defending nobody, but this is war. And if this is how they try to evade attacks and defend themselves,  then so he it. You have to do all you can in such detrimental situations. Let's not forget how they was also attacked using starlinks, they had to also impose strick warnings against those using them.

You're on a bitcoin forum, a cryptocurrency that can't exist without the internet, how can you be neutral when the Iranian regime imposed a total internet censorship that would make Satoshi spin in his grave?

And Cuba?! How do you define the blockade of the United States government on Cuba?! Last month ending and early this month, both children and adults on life support lost their lives when power was cut short. No words on that?! Cheers 🍻

[barbara44]

Huge respect to Iran, they've done what no country has ever done before.

-Killing innocents
-Imposing censorship
-No free vote
-Killing citizens in terrorist attacks
-Piracy?
-Using child soldiers as cannon fodder
-Beating and raping women over a dress code?

Yup, no regime has ever done so, even Hitler and Stalin have stopped at beating women and kids.

Funny how you respect something that goes against everything Bitcoin stands for!

While I do understand why people should hate Iran regime, that is not to say that stopping USA to take over your nation is still an achievement, an achievement by a bad regime, but still an achievement and I do not see any problems with that. Don't get me wrong, I would not step foot in that nation, I find it primitive and backwards and would never spend a single day there, even with their amazing history, I would not even visit four touristic purposes and any Iranian who is nationalistic may say I am wrong, I do not care, get a secular democratic regime and I will visit, but not until then.

However, that doesn't change the fact that the whole world was sick and tired of USA just walking into any nation they want and steal their oil. So for the first time, we are seeing someone stopping them, at least since Vietnam.