![\"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\" "\\"Iran\u2019s")
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A year and a half since the Iranian regime\u2019s supreme leader, Ali Khamenei, chose Ebrahim Raisi as the president<\/a>, Iran\u2019s economic crunch has worsened despite Raisi\u2019s \u201ceconomic prosperity\u201d rhetoric. Amid a nationwide uprising and facing a restive society, this economic shakeout could spark further protests and jeopardize the ruling theocracy more.\u00a0<\/span>\u00a0<\/span><\/p>\n The value of Iran\u2019s national currency, the Rial, has plunged. The dollar exchange rate in Iran has surpassed half a million rials.\u00a0<\/span>\u00a0<\/span><\/p>\n The devaluation of a country\u2019s national currency causes negative economic growth and increases unemployment and living costs. The rise of the living cost and redistribution of income that a currency devaluation entails shifts the burden of the country\u2019s financial calamity on low-income groups, which in Iran\u2019s case is the majority of the 87 million population.\u00a0<\/span>\u00a0<\/span><\/p>\n \u201cA report by the Ministry of Labor underlines that the number of the population below the poverty line in 2022 has surpassed 25.5 million, and the country faces a 34% decrease in Grosse Domestic Product (GDP),\u201d the state-run Jamaran website quoted Farshad Momeni, a regime-affiliated economist, on February 22.\u00a0<\/span>\u00a0<\/span><\/p>\n According to <\/span>the Jamaran website on February 23<\/span><\/a>, \u201cThe annual report by Iran\u2019s Statistic Center, the point-to-point inflation of foods and beverages has reached 70.5%, and the country\u2019s general inflation rate has surpassed 47.7%.\u201d\u00a0<\/span>\u00a0<\/span><\/p>\n Although engineered, the state statistics show the grim face of poverty and how Iranians struggle to make ends meet.\u00a0 Yet, Raisi continues his bogus claims of prosperity, only to pull the wool over his own eyes. \u201cWe will certainly control inflation and decrease [economic] problems,\u201d Raisi said in his remarks in the regime\u2019s Majlis (parliament) on February 18. The lies of a president with a \u201csixth-grade\u201d level of education have not only been called out by people since his selection but also caused much stir in the crisis-riddled regime.<\/span>\u00a0<\/span><\/p>\n \u201cThe government officials are far from the facts and realities on the ground but do not stop from ordering economic problems to end. The people\u2019s purchasing power shrinks daily, and they cannot make a living,\u201d said MP Sadif Badri in response to Raisi, referring to his previous ridiculous gestures, such as ordering poverty to be eradicated in two weeks!\u00a0<\/span>\u00a0<\/span><\/p>\n \u201cEvery year, more people fall under the poverty line and leave metropolises to live on cities\u2019 outskirts and shanty towns. The dollar value has increased by 50% in a short time. The prices of consumer goods have increased by 90% since Raisi took office,\u201d MP Hassan Shojai<\/a> acknowledged on February 21.\u00a0<\/span>\u00a0<\/span><\/p>\n NCRI Editorial | Iran Regime\u2019s Bankruptcy Unmasked in the Budget Bill #IranRevolution<\/a> #FreeIran2023<\/a>https:\/\/t.co\/x2cT29lidE<\/a><\/p>\n — NCRI-U.S. Rep Office (@NCRIUS) January 17, 2023<\/a><\/p><\/blockquote>\n\n