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Following the death of Iranian regime president Ebrahim Raisi, the Tehran Stock Exchange has shut down until further notice, according to official government sources<\/a>. This closure comes in the wake of significant financial instability and a sharp decline in the stock market, which the regime appears to be attributing to Raisi’s death and the associated political upheaval.<\/span><\/p>\n Reports from various state media outlets indicate that the stock market was experiencing a dramatic downturn before the market shutdown. Data suggest that the rate of government bonds, or “akhza,” had surged significantly before Raisi’s death, raising concerns about market manipulation.<\/span><\/p>\n The financial turmoil intensified as the value of the Iranian rial plummeted. On Monday, May 20, the state-run Khabar Online reported<\/a>, \u201cSince the announcement of the helicopter crash involving Raisi, the exchange rate in the open market, which had been falling to 56,000 tomans, suddenly rose in Telegram channels to 61,000 tomans.\u201d<\/span><\/p>\n Furthermore, the state-run ISNA news agency highlighted<\/a>, “All transactions in the Tehran Stock Exchange, Iran Fara Bourse, and commodity exchange-based securities will be suspended today due to Raisi’s death.\u201d<\/span><\/p>\n Financial experts have noted that before Raisi’s death, there had been a 40 percent increase in the bond rate, attributed to deliberate manipulations within the stock market. This was seen as an effort by the government to print and sell related bonds, ostensibly to cover the budget deficit. These actions were reportedly ordered directly by the head of Iran\u2019s Plan and Budget Organization, aiming to issue 4 trillion tomans<\/a> in bonds from the capital market.<\/span><\/p>\n This financial strategy, aimed at addressing the significant budget shortfall, was implemented early in the fiscal year to avoid end-of-year financial crises. However, the death of Raisi disrupted these plans.<\/span><\/p>\n Mohammad Ali Dehghan Dehnavi, president of the Securities and Exchange Organization, recently admitted that the regime has supplied a large part of its budget deficit from profits made through the manipulation of the stock market.#Iran<\/a>#Corruption<\/a>https:\/\/t.co\/9pANG0Og0u<\/a><\/p>\n — People's Mojahedin Organization of Iran (PMOI\/MEK) (@Mojahedineng) April 21, 2021<\/a><\/p><\/blockquote>\n\n