Friday, December 3, 2021
HomeIran News NowIran Economy NewsRaisi Continues His Speech Therapy as Iran’s Economic Crises Deepen

Raisi Continues His Speech Therapy as Iran’s Economic Crises Deepen

On Wednesday, the regime’s new president Ebrahim Raisi said: “the country’s inflation rate should be controlled and reduced.” It has been over a month since Raisi became the president. Still, he has only given bogus claims and reading a “to-do list” yet, and he has not taken any action or proposed any meaningful actions to address Iran’s economic crises. 

“There have been no serious changes in the prices of people’s basic needs since the new administration started its work. In fact, the prices have been skyrocketing,” wrote the state-run Arman daily on September 28. 

“The president has used people on his economic team who have different views on economics. How his government intends to alleviate economic problems with this economic group?” Arman adds. Raisi’s government, as stated by the Iranian opposition leader, Mrs. Maryam Rajavi, is  the “ embodiment of four decades of the religious and terrorist dictatorship of the mullahs, whose mission is to counter popular uprisings, plunder national wealth and resources, step up terrorism and warmongering, and expand the unpatriotic nuclear and missiles projects.” 

Raisi’s Urban and Development Minister, Rostam Ghasemi, was prosecuted for corruption in Iran before the judiciary dropped all charges against him. Other officials of Raisi’s government, such his vice-president Mohammad Mokhber, have held top positions in the regime’s plundering institutions under the Supreme Leader’s provision, such as the Execution of Imam Khomeini’s Order (EIKO). 

Iran: Ebrahim Raisi’s cabinet of thieves and terrorists gets approval from parliament

“One of the main shortcomings of Raisi’s government is that it has included people in its economic team as deputies, advisors, etc., who have different economic views. In such circumstances, no reform will be possible,” Arman daily adds, calling the escalating fight in the government for more share of plundering people as “different economic views.” 

“So far, the decisions taken in Raisi’s government and the parliament have not only not curbed inflation, but are also the basis for the growth of inflation,” Setar-e Sobh daily also confirmed Raisi’s inability to curb Iran’s rising inflation rate. 

“40 to 50 percent increase in the price of rice, meat, poultry During the last year, the price of each kilogram of mixed nuts has exceeded 350 thousand tomans. The price of chocolates, nuts, and dried fruits is no less than this catastrophe; The price of each kilogram of fresh poultry has increased by 53.1 percent in August to about 27 thousand tomans. In the same month of the previous year, the price of this product was about 17 thousand and 700 tomans,” wrote the state-run Hamdeli daily on September 28. 

“Inflation is announced at 46%, and officials do not act. Why? Do officials and policymakers have to hear worse than this to move? The impoverishment of the people in the last decade and the crushing of their bones under skyrocketing prices and unemployment has turned life into a terrible nightmare for large sections of Iranian society,” wrote the state-run Sharq daily. “A nightmare that apparently is not very tangible for the system. Perhaps officials believe there is probably still room for the situation to deteriorate and become uncontrollable and for society to become exhausted,” Sharq added on Tuesday. 

The cause of Iran’s economic crisis 

The reason for the current economic crisis is the Iranian people’s question too. Is the rising inflation rate or the unemployment is due to the international sanctions? If not, what is the real cause of Iran’s deteriorating economic situation? 

“The shrinking of the people’s table has created sensitivities. Although the reasons for this situation are clear to economists, ordinary people ask themselves that the inflation rate in Iran is even higher than in neighboring countries, which have much worse conditions than Iran,” wrote the state-run Arman daily on Tuesday. 

The real reason for Iran’s rising inflation rate is the ongoing liquidity growth which is far above the production rate. 

Arman daily underlines that since the regime has started “banknote printing,” to compensate its budget deficit, Iran’s “GDP and the liquidity in the society have sharply increased. The sharp increase in liquidity has caused the society to face a situation in which inflation rapidly rises.” 

How the mullahs destroyed Iran's economy

As the state-run Jahan-e Sanat daily on Wednesday wrote, “inflation is not a cause itself. It is the result of a series of economic behaviors such as the growth of the monetary base and liquidity. When money is printed and circulates in the economy instead of leading to production growth, it results in inflation growth.” 

Jahan-e Sanat then asks: “Has sanctions have been able to crush the country’s domestic production to such an extent?” 

“If we take a look at the production cycle of the country, we can clearly see that all our production factories, including automobiles, home appliances, etc., complete their production cycle by importing raw materials. Therefore, there is no obstacle to the import of parts needed for the production of the country’s factories, but why [the regime] not been able to solve the problem of distribution and employment in the country?” Jahan-e Sanat writes, adding, “The fact is that the amount of production in the country is very low, which has caused the factories not to work at full capacity and not to create full employment. Therefore, we should not blame sanctions for our inefficiency.” 

Arman Meli on Wednesday reminded Raisi that due to the depth of the current crises, he could not increase people’s trust by “speeches, ordering and giving guidance if this issue is not resolved. If solutions are not found to recover and attract it, the public distrust will increase day by day, and the distance between the people and the officials will increase.” 

The ongoing economic crises created and amplified by the regime have turned society into a powder keg. 

“If [the regime does not] act or think about the situation, we will face popular protests; Given the economic conditions of the majority of people, it is safe to say that the entire society lives below the poverty line,” said the regime’s former MP, Soheila Jolodarzadeh. 

“There is a limit to people’s patience in the face of difficulties, and people can endure to some extent. When they observe that they have nothing to lose, they do not want that we allow them to protest,” she warned regime officials on Thursday, according to the state-run ILNA News Agency.