As Iranian citizens are suffering under the Iranian regime’s corruption and wrong economic policies, regime officials and the country’s state media are finally acknowledging that their part in these crises.
Despite the Iranian government’s rumors of fighting and eliminating corruption, increasing the people’s wages, removing the subsidies of the rich, and increasing the subsidies of the poor, solving the problem of housing by creating 1 million houses every year, making the country’s agriculture independent from imports and outside sources, and creating an economic boom by improving the country’s industry, statistics are showing something else.
Iran’s Bank Melli, the oldest and one of the biggest banks in the country is on the verge of bankruptcy after losing 675 trillion rials last year, equaling $2.8 billion in free market exchange rate. The losses equal 73 percent of the bank’s capital.
Gholam-Hossein Shafei, Chairman of Iran’s Chamber of Commerce, has warned that the government needs to remove “domestic and international obstacles to production” in the face of a 57 percent drop in GDP, and revise economic policies to stimulate competition and create a favorable environment for investment.
After introducing the members of Iranian president Ebrahim Raisi’s economic team, it became clear that this government and its team have no specific plan for the country’s development and an economic boom as they have claimed before.
Iran’s Ministry of Labor has published its first official report about poverty in Iran that says in calendar year 1398 (March 2019-Mrch 2020) roughly one third of Iranians lived below the poverty line defined by an income of around 25 million rials a month, which was around $200 at the time.
The passage of time has shown that despite all the claims by Iran’s government, its nuclear centrifuges and the people’s lives revolve are in two contra directions, and inevitably the regime is in a stage whereby it is forced to sacrifice one of them for the other, and its dream of using the nuclear power of an economic boom has been blown away.
Experience shows that the group of countries in the world whose inability to use their assets due to poor productivity and inefficiency in domestic economic policies, as well as an inability to speed up foreign trade and interaction with the world, are ready to sink into perpetual poverty.
Britain to raise tanker attack at Security Council meeting on Friday, but the body is not expected to take action.
In a stern inflationary warning, the former governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati has urged Iran’s next government against borrowing from the central bank to meet its budgetary needs.
Based on the high commission of His Majesty Sultan Haitham Bin Tarik, the Foreign Minister has left Oman to the Islamic Republic of Iran.