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Rise in inflation in Iran as excess $15 billion of notes printed

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NCRI – “Does the government hear the warning signal of rising inflation?” was the headline of an article published on Monday, May 2, by the Iranian state-run newspaper “Mashregh.”

The article makes astounding admissions about the Iranian regime’s economic crisis including the staggering rate of inflation under Hassan Rouhani’s government.

The article states: “In November last year, the Central Bank published the statistics of the monetary base with a few months’ time delay. These statistics show that the level of inflation-riddled note printing soared to more than 460 trillion Rials (U.S. $15.2 billion) since the 11th government (Rouhani’s administration) came into office. According to statistics revealed by the Central Bank of Iran, at the beginning of the 11th Government (September 2013) the monetary base stood at 960 trillion Rials ($32 billion), and in the 26 months that this government has been in office the amount has reached 1430 trillion Rials ($47 billion).”

This state-run daily adds, Rouhani has repeatedly stated that “an increase in the monetary base is like a forbidden fruit. … However, it seems that genuine statistics and information are not truly presented to Rouhani and he believes that the monetary base has not grown much during the 11th government’s time in office. While the government claims to prohibit any monetary base increase rate, the statistics revealed by the Central Bank signify that the rate of monetary base has been increased to an amount of 460 trillion Rials (U.S. $15.2 billion) by the government. Thus the economic authorities must respond to this question: ‘Where did they spend the 460 trillion Rials?’”