Friday 18th Jan 2019 

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News: Iran Economy

Iran Regime Brags About Excuting "Sultans"to Hide Real Source of Corruption

Iran Regime Brags About Excuting "Sultans"to Hide Real Source of Corruption

By Amir Taghati

The Iranian Regime’s news agencies are airing stories about the execution of people convicted of huge economic corruption cases, dubbing them “Sultans” for the amount of money they’ve stolen and their close ties to Iranian authorities, but this hides the larger story that corruption is endemic within the Iranian Regime.

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Iran Sinks Deeper Into Recession

Iran Sinks Deeper Into Recession

By Mahmoud Hakamian

The people of Iran have been taking to the streets in defiance of the corrupt regime that rules their country for more than a year now. Corruption is visible at all levels of the country’s leadership and while the people slip further into poverty, officials do not appear to have any such personal financial woes.

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Iran Regime Losing Hope for the European SPV

Iran Regime Losing Hope for the European SPV

By Amir Taghati

In an interview with state run official news agency on January 5th, the Iranian regime’s foreign ministry’s spokesperson, Bahram Qassemi discussed the European Special Purpose Vehicle. “At the beginning, the European Union had good intentions and a positive political will about creating the financial mechanism, but gradually and during the negotiations over the past few months, this feeling became more serious that the European countries face some serious disabilities in implementing the SPV,” he said.

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Iran Regime’s Band – Aid Solutions Deteriorates Economic Crisis

Iran Regime’s Band – Aid Solutions Deteriorates Economic Crisis

By Shahriar Kia

Under a development plan, Iran had planned to change its banking system and work on changing monetary policies. The Rouhani administration wanted to change the country’s national currency from the Rial to the Toman a few years ago. However, the administration put these plans to change the national currency on hold because of the economic uncertainty at that time.

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Iran Regime in Denial over Plight of Workers

Iran Regime in Denial over Plight of Workers

By Shahriar Kia

One Iranian official has said that the Regime is in denial over the “harsh realities” that are destroying the lives of everyday Iranians, according to the state-run ILNA news agency.

The unnamed official was addressing rumours that the Regime intended to further decrease workers’ wages, something that he said would be the death of the workers’ class in Iran.

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Iran Regime’s Economic Stalemate and Illegal Bank Problem

Iran Regime’s Economic Stalemate and Illegal Bank Problem

By Staff Writer

In the draft 2019-20 budget for Iran, the government has set aside $800 million to deal with the chaos created by unlicensed credit institutions, which is a massive outlay during the country’s ongoing economic crisis.

In fact, that sum is equal or greater than that allotted to many government ministries and given the substantial cuts to Iran’s GDP from the huge loss in oil revenues; Iran has less money to play with than in previous years.

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Iran: Auto Parts Industry Suffering

Iran: Auto Parts Industry Suffering

By Mohammad Sadat Khansari

The Iranian economy has been suffering setback after setback for quite some time. The clerical regime that is leading the country has been mismanaging the country’s wealth and resources for decades and corruption is rife at all levels of leadership.

The people have been suffering the effects of the regime’s corruption, the economic difficulties and the consequences of the crippling sanctions that have been put back into place.

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