{"id":302898,"date":"2023-03-03T15:33:57","date_gmt":"2023-03-03T14:33:57","guid":{"rendered":"https:\/\/www.ncr-iran.org\/en\/?p=302898"},"modified":"2023-05-02T15:34:49","modified_gmt":"2023-05-02T14:34:49","slug":"irans-currency-crisis-a-recipe-for-revolution","status":"publish","type":"post","link":"https:\/\/www.ncr-iran.org\/en\/news\/economy\/irans-currency-crisis-a-recipe-for-revolution\/","title":{"rendered":"Iran’s Currency Crisis: A Recipe for Revolution?"},"content":{"rendered":"

\"iran<\/p>\n

The currency price in Iran witnessed an unprecedented surge<\/a> on the first day of the week and the market opening, with hourly jumps setting new records. By the evening of Saturday, February 25, the value of a dollar had skyrocketed to over 57,000 tomans, increasing by 8% in just one day. The fall of the country’s currency has led to the Parliament of the regime convening a closed session to discuss a solution to this situation. Mohammad Mokhbar, the first vice president of the regime, Ehsan Khandozi, the Minister of Economy, and Mohammad Reza Farzin, the head of the central bank, attended the meeting. Regarding the outcome of this meeting, Mohammad Baqer Ghalibaf<\/a>, the speaker of the regime\u2019s Parliament said: “We reached a good conclusion for organizing the market. We need serious and strong coordination between the Parliament and the government to organize the currency market.”<\/p>\n

Even individuals within the regime mock the claim that a solution for this significant crisis was found in a one-hour meeting. Hemmati, the former head of the regime’s central bank, wrote in his tweet: “If you think you can solve the exchange rate crisis in just one hour, what have you been doing until now? Does the economic team comprehend the effects of a dollar valued at 56,000 Tomans on the lives and livelihoods of the people?”<\/p>\n

Concerning the same closed meeting, Ehsan Khandozi<\/a>, the Minister of Economy, said: “Many disruptors in the currency market have been arrested, some of whom have clearly mentioned their purpose and plan to disrupt the currency market.”<\/p>\n

It is a commonly observed pattern that when the regime faces a crisis or finds itself in a deadlock, it resorts to arresting and imprisoning currency brokers and, in some cases, even executing some of them. The reasoning behind such actions is to shift the blame for the crisis onto these individuals and distract public attention from the underlying issues that have led to the crisis. The regime has employed this strategy of scapegoating throughout its history as a means of deflecting responsibility and avoiding accountability for its own failures.<\/p>\n

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Tehran Bazaar Traders Protest for 2nd Day Against Rising Foreign Currencies Exchange Rate<\/div><\/div>
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