Economics professor featured in Forbes

Radford University Professor of Economics Nozar Hashemzadeh was recently quoted in a Forbes.com article about the United States removing waivers that previously allowed eight countries to continue purchasing oil from Iran.

Dr. Hashemzadeh spoke to writer Ken Silverstein for the article, published April 28 on Forbes.com, and explained that countries violating the trade sanctions “will be very careful” to do so, and “will resort to alternative currencies like the Chinese yuan, which fall outside the U.S. Treasury Department.”

It was noted by Dr. Hashemzdeh that negotiations with Iran could “produce great dividends,” more so than would sanctions, noting that 99% of Iranians want peace with the United States.