This year’s presidential race in Iran was dramatically shaken this week by the news that Ali Akbar Hashemi Rafsanjani had announced his candidacy. Although Rafsanjani has fallen out of favour with the regime in recent years, it is quite possible that his bid could be successful.

For the past year Iran has experienced a deepening crisis of capitalism, which in the last few months has spiralled into hyperinflation and devaluation of the currency. A recent trip to the country provided a perspective of the current situation within, particularly how people are dealing with the worsening conditions.

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