{"id":238415,"date":"2021-04-22T07:59:11","date_gmt":"2021-04-22T12:59:11","guid":{"rendered":"https:\/\/www.ncr-iran.org\/en\/?p=238415"},"modified":"2023-02-01T04:58:10","modified_gmt":"2023-02-01T03:58:10","slug":"iran-stock-market-crisis-and-subsequent-protests","status":"publish","type":"post","link":"https:\/\/www.ncr-iran.org\/en\/news\/iran-protests\/iran-stock-market-crisis-and-subsequent-protests\/","title":{"rendered":"Iran Stock Market Crisis and Subsequent Protests"},"content":{"rendered":"

\"Tehran-Protests-Bours<\/p>\n

Many plundered investors of Iran\u2019s stock market exchange held rallies<\/a> in many Iranian cities in recent days. They called for boycotting of the regime\u2019s sham presidential elections. People lost their life savings following the burst of stock market bubble growth. The regime\u2019s president Hassan Rouhani and Supreme Leader Ali Khamenei had previously encouraged people to purchase shares at the stock market to compensate for their budget deficit.<\/p>\n

\u201cPeople do not trust you anymore. What clearer explanation for this distrust of 50 million Iranians who lost their life savings in the stock market under your responsibility,\u201d said Ahmad Alirezabeigi, one of the regime\u2019s MPs, on Tuesday during the parliament\u2019s public session questioning Rouhani\u2019s Minister of Economy.<\/p>\n

Earlier this week, Mohammad Ali Dehghan Dehnavi, president of the Securities and Exchange Organization, acknowledged that the regime had compensated a large part of its budget deficit from profits made by manipulating the stock market.\u00a0\u201cThe stock market has provided 6.8 trillion rials (approx. $28 billion) for the economy; the stock market has been the government\u2019s source of income last year,\u201d Dehnavi said on April 16, on the Clubhouse social media network.<\/p>\n

The stock market manipulation<\/a> and its result could be considered the largest example of plundering and systematic corruption throughout Iran\u2019s modern history. It also confirms the regime\u2019s institutionalized corruption and, as Khamenei once said, \u201cthe hydra of corruption,\u201d which controls Iran\u2019s economy.<\/p>\n

On June 22, 2020, Khamenei encouraged people to \u201cinvest at the stock market.\u201d \u201cCoins and dollars shouldn\u2019t be invested on, but the stock market is a place to invest,\u201d said Rouhani on August 12.<\/p>\n

These remarks show Khamenei and Rouhani were behind this plundering plan. Many of the regime\u2019s and international economists pointed to the stock market\u2019s bubble growth due to the international economic situation amid the pandemic.<\/p>\n

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