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June 12, 2015

What Will Iran Do with $50 Billion?

Take a guess.

Upon signing the prospective nuclear deal, Iran is expected to receive that amount, currently frozen in offshore accounts—separate from the other economic benefits the Islamic Republic will reap when sanctions are lifted. Secretary of the Treasury Jack Lew has claimed that Tehran will spend the money on improving the lot of its own people. That, Hanin Ghaddar writes, is most unlikely:

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