![\"Iran-stock-market\"](\"https:\/\/www.ncr-iran.org\/en\/wp-content\/uploads\/2020\/08\/Iran-stock-market-1024x684.jpg\" "\\"Iran-stock-market\\"")
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The Iranian regime\u2019s president, Hassan Rouhani<\/span>,<\/span>\u00a0bragged about so-called \u201ceconomic relief\u201d for days<\/span>, 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\u00a0<\/span>experienced heavy\u00a0<\/span>losses<\/span>.\u00a0<\/span>\u00a0<\/span><\/p>\n This will further add to the Iranian people\u2019s economic hardships,<\/a> thus, increas<\/span>ing<\/span>\u00a0the society\u2019s restiveness.\u00a0<\/span>Something that Iran\u2019s state<\/span>-run<\/span>\u00a0media have been warning about.\u00a0<\/span>\u00a0<\/span><\/p>\n After days of speaking about their economic plan, the regime\u2019s officials announced their plan to\u00a0<\/span>sell oil<\/span><\/a>\u00a0to the Iranian people\u00a0<\/span>on the\u00a0<\/span>stock\u00a0<\/span>market. The regime\u2019s plan was, according to the state-run\u00a0<\/span>Tabnak<\/span>\u00a0news agency, to largely benefit from this plan and compensate\u00a0<\/span>for\u00a0<\/span>its budget deficit. \u201cIf we assume that the government sets the price of bonds at the current exchange rate of the dollar (about 22,000 tomans) and oil (about $44 dollars BP), it can earn 193 trillion tomans over the next year, or more than $8 billion.\u201d\u00a0<\/span>\u00a0<\/span><\/p>\n Previously, Rouhani transferred some of the governmental institutions to the stock exchange<\/span>. For\u00a0<\/span>example,<\/span>\u00a0the government transferred the Social Security Investment Company (Shasta) to the stock exchange, which in fact meant the plundering of one of the largest companies that\u00a0<\/span>are <\/span>part of the country\u2019s public resources. Rouhani did this\u00a0<\/span>while Shasta<\/span> is owned by workers and retirees, but its CEO and board of directors are appointed by the Minister of Cooperatives, Labor, and Social Welfare.<\/span>\u00a0Earlier, regime officials in social security had said that the organization had a deficit of about 25,000 billion tomans and about 39,000 billion tomans in bank debt. But instead of paying off its debt to the Social Security Administration, the government started selling its shares.<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n In fact, if Rouhani\u2019s government intends to hand this huge conglomerate over, the shares of this organization must be given to the workers and retirees for free. Otherwise, as in many other cases, it will be granted not to an independent private sector, but\u00a0<\/span>to\u00a0<\/span>the regime officials\u2019 relatives<\/span>\u2019<\/span>\u00a0inner circle.<\/span>\u00a0<\/span><\/p>\n Iran\u2019s Regime Is Plundering Workers 'and Retirees' Property Amid #Coronavirus<\/a> Outbreak — NCRI-FAC (@iran_policy) April 22, 2020<\/a><\/p><\/blockquote>\n\n
The pressure will not be relieved except by eliminating the cause of this cycle of corruption and looting, that is, the regime of religious dictatorship in #Iran<\/a>https:\/\/t.co\/l0Ouxpmb2i<\/a><\/p>\n