News

Facts About Iran’s Economic Situation

Iran’s economy is collapsing

That the Iranian regime’s economic situation is getting worse day by day is not an unexpected event. The situation is so bad that state media cannot hide it anymore and are forced to confess about it.

While they are trying to make the sanctions and the arrival of the coronavirus accountable for this situation, their writings reveal the regime’s mismanagements as the main cause.

State-run website ANAJ wrote on 1 August: “ANAJ studies show that the prices of many consumer items in Tabriz market, in addition to increasing at the beginning of the year, have been accompanied by an average growth of 40% in the middle of the year. Continuing high prices. People have been shocked by the dramatic increase (of prices) in items and public necessities, and there is almost no monitoring of rising prices.

“Almost all consumer goods have increased by an average of more than 35% since the beginning of this year. Also, a 35% increase in the cost of transportation, a more than 50% increase in rent, as well as a 100% increase in supplies and household items should be considered.

“This is while the workers' wages have increased by about 30% in the new year, and it can be clearly stated that the backs of the people are bent under the burden of unbridled inflation.”

With the title, “The throat of the Iranian people in the grip of the exchange rate”, the Saat-24 website wrote: “The average price of one dollar in 2011 was about 10,000 Rials. The average price of one dollar in the last 130 days has been 220,000 Rials. A very simple calculation shows that the price of each US dollar as the most attractive valid currency in the Iranian free currency market has increased at least 22 times since 2011.”

“The fact is that in these 10 years, especially in 2018, 2019 and the last 130 days, the value and amount of Iran’s crude oil exports have fallen sharply, and the government and the central bank have lost the main source of foreign exchange earnings and they do not have the previous ability to supply the market with the foreign exchange.

 

Read More:

MEK: Iran Economy Wrecked by Regime

 

“The important and political point, however, is that suppliers of all types of public and private goods and services tie the price of their goods to exchange rate changes, and rightly or wrongly to the extent that the price of the dollar rises against the Iranian rial and toman. They are increasing the price of goods and with a new balance of prices a new equilibrium of relative prices of goods and services in Iran with the exchange rate has emerged and we are witnessing rapid inflation.

“The worst part, however, is that the wages of workers and employees, who make up a large part of Iran's population and their families, are not compatible with this rapid increase in the price of dollars and goods and are far behind.

“In this way, their purchasing power decreases and the level of the physical welfare falls, and the number of the poor population increases.”

Nesf-e-Jahan quoting Saeed Leylaz, an economist, wrote: “We are now in an unusual and super-critical situation, so I can say that Iran's economy has not been under such pressure since the Mongolian invasion.” (Nesf-e-Jahan website, 1 August)

In a tweet, Prof. Steve Hanke revealed the truth about the regime’s inflation and wrote: “The #StatisticalCenterOfIran is putting out BOGUS numbers. In its latest report, it claims #Iran's #Inflation is 26.4%/yr. NOT TRUE. By utilizing high-frequency data & SOUND science, I measure Iran’s #Inflation @ a stunning 98%/yr! Iran’s corrupt govt produces corrupt “facts”.

Nuclear - Terrorism

NCRI Calls for Extra Controlling of Iran Nuclear Program

The National Council of Resistance of Iran (NCRI) called on Tuesday for United Nations Security Council resolutions to be reinstated against Iran and for the International Atomic Energy Agency (IAEA)...
Read more

Iran’s Bluff of Exiting the Nuclear NPT

The uprising of the Iranian people and the rebel youth in November not only set the stage for a new cycle of developments but also had a significant impact on...
Read more

Iran's Concerns About the Nuclear Deal’s Dispute Mechanism 

In recent months and following the U.S. withdrawal from the Iran nuclear deal, which is also called the Joint Comprehensive Plan of Action (JCPOA), Iranian officials were hoping to blackmail other signatories of the accord to offer economic privileges. The Iranian government has made genuine efforts to persuade France, Germany, and the...
Read more

Human Rights

Iran: Execution of 100 People in Less Than 6 Months; Ebrahim Raisi’s Human Rights Record

 Since the beginning of this year, at least 100 death sentences have been carried out by the Iranian regime’s judiciary ordered by Ebrahim Raisi, the head of the Judiciary. These sentences...
Read more

July 2020: Iran Executed One Person per Day

July witnessed ongoing human rights violations by the regime, with an average of one person executed each day and the horrendous suppression of individual freedoms, especially against prisoners and religious...
Read more

Iran Sentences Kurdish Woman to Prison

The Iranian regime has sentenced a Kurdish-Iranian woman to prison and lashes for taking part in the November 2019 nationwide protests. Fatemeh Davand was sentenced to five years and five months...
Read more

Middle East

Why Does the Iranian Regime Fear US-Iraq Talks?

When Qassem Soleimani was killed by the United States near Baghdad airport in January 2020, it was concluded that the course of events promised an end to the interference of...
Read more

Iranian Regime’s Crisis of Dominance in Lebanon and Syria

Every day that goes by, the Iranian regime’s dominance in counties which it sought to turn into centers for “confronting the global imperialism” is fading more and more. Despite the fact...
Read more

Iran’s Regime Fears Impending Syria Sanctions

Major US sanctions will be imposed on the Syrian regime in the middle of this month. The sanctions imposed under the 'Caesar's Law' serve as part of a campaign of...
Read more

Analysis & Policy

Iran: There Is No Lesser Evil Anywhere in the Leadership

By INU Staff INU - President Hassan Rouhani won his second term last month. He was up against Ebrahim Raisi (the candidate preferred by Supreme Leader Khamenei). However, Rouhani’s election has...
Read more

Iran: Rouhani Faces Attacks on All Sides

Iranian President Hassan Rouhani is facing mounting pressure at home and abroad which, according to Reuters, may affect his ability to run the country. Reuters notes that Rouhani, who was re-elected...
Read more

Power Struggles Make Iran's Regime Unstable

Although many believed that Supreme Leader Ali Khamenei was preparing conservative cleric Ebrahim Raisi to be his heir by placing him in the presidency, the election results gave Hassan Rouhani...
Read more

Iranian Opposition

Maryam Rajavi: 10 Point Plan for a Free Iran

As the Iranian regime grapples with multiple domestic and international crises, particularly facing a restive society, it is important to know more about the Iranian Resistance and its program for...
Read more

Opposition Leader Calls for UN Investigation of Iran Prisons After the Execution of Protester

Maryam Rajavi, President-elect of the National Council of Resistance of Iran (NCRI), condemned the hanging of an Iranian protester yesterday and called on the United Nations, its member states, and any...
Read more

Iran Regime’s Demonizing Campaign of MEK

The Iranian Regime’s disinformation campaign against the People’s Mojahedin Organization of Iran (PMOI/MEK) is still considered an essential service amid the coronavirus pandemic, apparently. Two German media sources - Der Spiegel...
Read more

Women

Iran Woman Executed on August 2

The Iranian regime executed a young woman on Sunday, August 2, the state-run press reported on Tuesday, which brings the total number of women executed since 2013, when President Hassan...
Read more

27 Iranian Agencies Tasked With Enforcing Hijab

The Women’s Committee of the National Council of Resistance of Iran (NCRI) has published a study into the suppression of Iranian women, entitled “A network of 27 state agencies suppresses...
Read more

Iran – The Women’s Ward of Ahvaz’s Sepidar Prison: Women Commit Suicide to Die or Rest for a Few Days

Sepidar Prison, in the southwestern Iranian city of Ahvaz, is one of the dreaded prisons of the Iranian regime, which is facing dire conditions, and for this reason, during the coronavirus...
Read more

Economy

Iran’s 2020–21 Budget Is a Genuine Dilemma

On December 8, the administration of Iranian President Hassan Rouhani published the 2020-2021 budget bill, triggering a new round of infighting among Iranian officials. Significantly, Rouhani’s allies and opponents agree that...
Read more

New Evidence Emerges of Rampant Corruption in Iran’s Oil and Export Markets

By Edward Carney On Tuesday, IranWire published an article that attached a dramatic figure to the closely-related issues of Iran’s escalating economic crisis and the corruption of entities in both the...
Read more

Iran’s export to Iraq drop by 50%

By INU Staff INU - Iraq has significantly reduced its imports from the Iranian Regime in the past month, according to an economic-focused newspaper published in Tehran. The report notes that part...
Read more

Sanctions

International Reactions to Iran’s Regime Missile Race

While the Iranian people are struggling with the effects of the coronavirus outbreak, which has deeply affected their daily life mostly their insignificant incomes, the regime is playing with missile...
Read more

200,000 Barrels of Oil, and Iran Regime’s Lack of Money

The monthly report of the Organization of Petroleum Exporting Countries (OPEC) on 16 April states that the Iranian regime's crude oil production in March decreased by 52,000 barrels per day...
Read more

Stevenson: IMF Should Not Give Iran $5B to Fight Coronavirus 

The former member of the European Parliament Struan Stevenson has warned the International Monetary Fund against sending Iran $5 billion in emergency aid to fight the coronavirus (COVID-19) pandemic.  Stevenson, the...
Read more

Insider

Summary of Iran Protests in July 2020

As the coronavirus expanded and the economic situation of the society became more complicated last month, different strata started protesting, gathering, and striking. In July 2020, some 237 protest movements...
Read more

Iranian Oil and Gas Workers Launch New Round of Strikes

Iran is becoming more isolated day after day as a result of the mullahs’ mismanagement and costly foreign policies. Furthermore, the regime’s terrible decisions have left many people in poverty and...
Read more

Protests Predicted in Iran

In July, many disparate groups of Iranians took to the streets in protest, but the current conditions in Iran mean that widespread and nationwide protests are coming, sooner than the...
Read more

Most Visited

Latest INU tweet

GETTING TO KNOW IRAN'S REVOLUTIONARY GUARDS

Latest News

Estimating Support for the...

US Raises Concerns After 1000...

NCRI-US Reveals New Details...

Ayatollah ‌BBC Repeats Lies...

Iran: Protesters handed harsh...

Rubio asks for Justice...

THE STORY OF THE 1988 MASSACRE IN IRAN