Malpass Warns Iran Economy Collapsing Into Barter
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- David Malpass, former World Bank president, predicted Sunday that Iran's economy could collapse into a 'barter system' as the country's financial crisis worsens amid its conflict with the U.S. and Israel.
- Malpass compared Iran to struggling developing nations, stating that 'people in poor countries struggle with getting money, and they go back to a barter system' when financial conditions deteriorate, with the quote trailing off mid-sentence in the source.
Why it matters: A prediction from a former head of the World Bank that a G20 economy could revert to barter carries institutional weight, given his expertise on how economies behave under financial stress. If accurate, the direct consequence falls on ordinary Iranians, who would lose access to functioning currency for everyday transactions.
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