Wednesday 25th Apr 2018 

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Iran's Economy in a Tailspin, but Why?

NCRI Staff

NCRI - Iran is currently facing a financial crisis, with its currency, the Iranian rial, dropping to record lows in the past few months. In April alone, the value of the rial dropped by a fifth. The rial is now worth almost half what it was when President Hassan Rouhani took office in 2013.

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“If Officials Fail to Put an End to Corruption, Corruption Will Put an End to Us”

By Mahmoud Hakamian

It’s become so commonplace these days for Iranian regime officials to warn over the threats and consequences of the constitutional corruption within the regime’s different bodies, describing it as a super challenge.

While economic experts from both sides of the regime’s spectrum acknowledge that it’s the regime’s very economic structure that gives rise to rentiering and corruption, yet when it comes to dealing with the crisis, each of regime’s rival bands points its accusing finger at the other as the source of corruption.

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Iranian Regime MP: More Than $30 Billion Moved out of the Country in Recent Months

NCRI Staff

NCRI - Blaming Iran Central Bank’s ‘non-specialized and non-expert decisions’ as the reason behind foreign currency appreciation, head of Iranian regime parliament’s Economic Committee says that “more than $30 billion has been transferred out of the country in the final months of the last Persian year”, while giving no further details.

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