Iran Economy In 'Miserable State': Economist

A money changer poses for the camera with a US hundred dollar bill (R) and the amount being given when converting it into Iranian rials (L), at a currency exchange shop in Tehran's business district, Iran, January 20, 2016.
A money changer poses for the camera with a US hundred dollar bill (R) and the amount being given when converting it into Iranian rials (L), at a currency exchange shop in Tehran's business district, Iran, January 20, 2016.

The Iranian rial has witnessed a 94% decline in the last decade as the economy plunges further into darkness, according to recent reports.