![\"Iran\u2019s](\"https:\/\/www.ncr-iran.org\/en\/wp-content\/uploads\/2018\/09\/Irans-Currency-Crisis-Worsens-as-Threat-of-Greater-International-Pressure-Looms.jpg\" "\\"Irans-Currency-Crisis-Worsens-as-Threat-of-Greater-International-Pressure-Looms\\"")
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Iran\u2019s national currency rapidly plunges<\/a>, now reaching an all-time low rate of 410,000 rials versus a US dollar. The Rial\u2019s freefall indicates a catastrophic economic crisis in Iran and a deep sense of insecurity among investors.<\/span>\u00a0<\/span><\/p>\n Many economic experts consider the currency\u2019s devaluation to continue since its rate depends on macroeconomic factors such as inflation, the increasing liquidity rate due to the regime\u2019s banknote printing, huge capital flight, destruction of production, and low GDP.\u00a0<\/span>\u00a0<\/span><\/p>\n While Iranians are being crushed under this economic pressure, the regime\u2019s president Ebrahim Raisi and his government spent time denying the crisis, claiming financial growth and achievements. <\/span>Iranians can hardly make ends meet as prices of basic commodities soar, but Raisi boasts about decreasing inflation, economic growth, reopening closed factories, and an abundance of people\u2019s basic needs.\u00a0<\/span>\u00a0<\/span><\/p>\n \u201cThe enemy is frustrated and envies our progress. They do not want to see our country progress in production, industry, agriculture, and other scientific fields. The train of development is on track, and the enemy wants to stop it,\u201d he bogusly claimed<\/a> on December 15 in a speech in the city of Birjand.\u00a0<\/span>\u00a0<\/span><\/p>\n For the past four months, Iran has been rocked by anti-regime protests.\u00a0 The nationwide uprising initially began following the tragic murder of a young Kurdish girl accosted by the morality police. Mahsa Amini’s death was the spark that took Iran’s explosive society out of the control of the Iranian regime. Decades of economic and social crises due to the regime\u2019s corruption, mismanagement, and ineptitude, were contracted as social hatred, and it took only an ignition to blow up.\u00a0 Now people chant on the street, \u201cFor poverty, corruption, high prices, we will continue until the regime\u2019s downfall,\u201d as they consider the ruling theocracy as the origin of all economic and social problems.\u00a0<\/span>\u00a0<\/span><\/p>\n Yet, the stubborn facts do not hinder officials and state media from twisting the truth. \u201cEnemies resort to riots since they envy a strong Iran that continues advancing in science<\/span>,\u201d Keyhan daily,<\/span><\/a> known as the supreme leader, Ali Khamenei\u2019s mouthpiece, wrote on November 24.\u00a0<\/span>\u00a0<\/span><\/p>\n As the regime\u2019s highest authority, Khamenei has been the first to claim economic achievements and scientific developments. Raisi and other officials, and the state media only repeat Khamenei\u2019s words and try to implement his methods.\u00a0<\/span>\u00a0<\/span><\/p>\n Khamenei had claimed on various occasions that the regime\u2019s \u201cscientific development speed is 13 times the average global paste,\u201d \u201cWe are among the top countries in terms of nano-technology,\u201d \u201cWe rank fourth or fifth in the world in missile and drone capabilities,\u201d and \u201cwe are the world\u2019s 18<\/span>th<\/span> largest economy.\u201d\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n<\/div>Iran\u2019s currency (rial) and economy are on the verge of another crisis<\/div><\/div><\/div><\/div><\/div><\/div><\/div>![\"Iran’s](\"https:\/\/www.ncr-iran.org\/en\/wp-content\/plugins\/wp-youtube-lyte\/lyteCache.php?origThumbUrl=https%3A%2F%2Fi.ytimg.com%2Fvi%2F4JmY1IvcCHo%2F0.jpg\")