![\"Hassan](\"https:\/\/www.ncr-iran.org\/en\/wp-content\/uploads\/2021\/05\/Irandollareconomy.jpg\" "\\"Irandollareconomy\\"")
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Iran’s rial is rapidly losing value, with the dollar rate reaching 570,000 rials on Monday<\/a>, an 8% drop in less than a week. This indicates an impending economic crisis and the potential for social unrest in Iran.<\/span><\/p>\n It is worth noting that on Sunday, the rial broke a record high of 600,000 thresholds.<\/span>\u00a0<\/span><\/p>\n The devaluation of the Iranian rial has had a range of negative effects on Iran’s economy and people. It has led to high inflation, making basic goods and services more expensive and reducing purchasing power, as well as an increase in unemployment.<\/span>\u00a0<\/span><\/p>\n Fearing the consequences of the financial calamity, the regime’s parliament met behind closed doors. The meeting was attended by Mohammad Bagher Ghalibaf<\/a>, the parliament’s speaker; Mohammad Mokhber, Ebrahim Raisi’s Vice<\/a> President; Ehsan Khandoozi, the Minister of Economy, and Mohammad Reza Farzin, the Central Bank’s Chief.<\/span>\u00a0<\/span><\/p>\n The meeting lasted only an hour, and Ghalibaf told reporters, “We have reached the perfect solution to organize the market. We need powerful and serious coordination between the government and Majlis [parliament].”<\/span>\u00a0<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n The bogus claim of finding a solution for the current financial crisis only increased the regime’s infighting, with officials and state media deriding Ghalibaf’s remarks<\/a>.\u00a0<\/span>\u00a0<\/span><\/p>\n “If, with a one-hour meeting, you could have organized the market, why did it take you so long to hold this meeting? Does the economic team understand the effects of half a million rial for a dollar on people’s lives?” asked the former Central Bank Chief, Abdolnasser Hemmati, on his Twitter account.<\/span>\u00a0<\/span><\/p>\n \u0627\u0639\u0644\u0627\u0645 \u06a9\u0631\u062f\u0646\u062f\u061b — Abdolnaser Hemmati \u0639\u0628\u062f\u0627\u0644\u0646\u0627\u0635\u0631 \u0647\u0645\u062a\u06cc (@Hemmati_ir) February 25, 2023<\/a><\/p><\/blockquote>\n\n
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