The economy of Iran, the leading state sponsor of terrorism, now stands on the brink of collapse. The United States should not bail it out. Recent data from the International Monetary Fund reveals that Iran carried over $122 billion in accessible reserves in 2018, the year that President Trump withdrew from the Joint Comprehensive Plan of Action.
Today, the Islamic Republic is down to a paltry $4 billion in usable foreign exchange reserves. Further combined with a currency that has lost half of its value, the failed government response to the coronavirus, and millions of Iranians taking to the streets to protest the legitimacy with the regime, the leaders in Tehran are now vulnerable and desperate.
While President Biden and his administration may not have had access to the recent report by the International Monetary Fund when they entered the Vienna talks a few weeks ago, it is absolutely critical that the United States now factor in that Iran might be on the brink of economic collapse and not throw it a lifeline for no reason. It is time for the administration to make credible demands of the rogue regime in Tehran.
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Ms. Cohanim was the State Department’s first Iranian-born Envoy, and led diplomatic initiatives which resulted in forging groundbreaking partnerships in the Arab world to combat anti-Semitism, anti-Zionism and Islamophobia. Ms. Cohanim also persuaded the first-ever Muslim faith group to adopt the IHRA working definition of anti-Semitism, all as part of the Abraham Accords efforts. As Deputy Envoy, Ms. Cohanim was the lead official for the State Department in creating and implementing policy on countering anti-Semitism in the Near East and Western Hemisphere regions. She worked closely with Jewish communities in Venezuela, Chile, Argentina and Colombia in confronting local issues of anti-Semitism.
Ms. Cohanim can often be seen on Fox News and Newsmax; and is a contributor to National Review, Newsweek, The Hill and Washington Examiner.
Ellie Cohanim arrived as a child refugee to the US, after she and her family fled the escalating anti-Semitism in Iran during the 1979 Islamic Revolution.
Previously, Ellie Cohanim was Senior Vice President and Special Correspondent for the Jewish Broadcasting Service (JBS) and was an executive at Yeshiva University; The Jewish Theological Seminary; and UJA-Federation of New York. She serves on the boards of the Iranian-American Jewish Federation of NY and Latino Coalition for Israel; and has previously served on the boards of the American Jewish Committee (AJC-NYR), the New York Jewish Community Relations Council, and the Ester Chapter of Hadassah.
Ellie Cohanim received her B.A. in Political Science, Cum Laude, from Barnard College, Columbia University; and conducted graduate study in International Relations at the Hebrew University of Jerusalem. She is fluent in Hebrew and Farsi, familiar with German, Arabic and Spanish.
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