Washington has blacklisted virtually all of Iran’s financial sector, striking an economy already hit hard by U.S. sanctions.
In recent days, the Iranian regime’s officials talk of an “economic miracle,” or “breakthrough.” All the while, people are grappling with poverty, and state media acknowledge Iran’s economic collapse.
The Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati wrote on his online page that: “He has not allowed the perpetrators of the sanctions to achieve their main goal in the last two years, which was the collapse of the country’s economy.” (Bazar News website, October 2, 2020)
A U.S. judge on Thursday refused to dismiss an indictment accusing state-owned Turkish lender Halkbank of helping Iran evade American sanctions.
The basement of the Central Prison of Shiraz (Adelabad Prison), where protester and champion wrestler Navid Afkari spent his last days, is a literal torture chamber run by the Revolutionary Guards’ (IRGC) Intelligence division.
Halkbank on Friday urged a judge to dismiss a U.S. indictment accusing the state-owned Turkish lender of helping Iran evade American sanctions, even as it seeks the judge’s recusal for alleged bias.
Bahrain’s High Criminal Court sentenced three Future Bank officials to five years in prison each and to $1 million fines on Thursday, in the latest of a series of money-laundering cases by the Central Bank of Iran and other banks, the Bahrain News Agency reported
Iranian President Hassan Rouhani has downplayed the effect of the coronavirus pandemic to Iran’s economy, saying it has only shrunk by three percent, national media Radio Farda has reported.
While the government’s main effort is to hide the reality from the face of the people, the situation is worse than that, and the government’s wrong economic policies and its profligacy in other countries have a clear effect on the people’s lives and the economy inside the country.
The Iranian regime’s president, Hassan Rouhani, bragged about so-called “economic relief” for days, which was nothing but selling oil or other governmental shares to the Iranian people and further plundering the nation. Now, days after this plan was announced the Iranian stock market experienced heavy losses.
With the unprecedented fall of the stock market, Iran’s economy is facing a new economic turbulent. The Iranian stock market on 16 August, with a fall of 89,000 units, broke the record of reducing the capital market index.