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The ridiculous nature of Rouhani’s claims about Iran's economic growth

A sign at a protest rally reads, “1% completely provided, 99% completely hungry”
A sign at a protest rally reads, “1% completely provided, 99% completely hungry”

Reporting by PMOI/MEK

Iran, October 11, 2019—Iranian regime President Hassan Rouhani claimed on Wednesday, October 9, the regime’s Central Bank has announced Iran’s industries have grown by 1.2 percent in the past month, adding this means the “maximum pressure” policy of the U.S. has failed. These remarks were taken as completely ridiculous and baseless even by members of his own faction inside the Iranian regime, who reacted in a critical fashion. Various such individuals referred to vivid examples of how the mullahs’ regime is bankrupt and facing incurable economic crises as corruption is riddling this regime from top to bottom.

Majid-Reza Hariri, head of the Iran-China Chamber of Commerce, described the economic situation as “unstable” and made interesting remarks about the claims raised by Rouhani and Central Bank chief Abdolnaser Hemmati.

“The stability witnessed these days in the currency market is due to the society’s lack of purchasing power in regard to goods replacing the national currency. On the one hand, people’s decreasing purchasing power has provoked a decrease in the sale of domestic-made goods. On the other hand, demand for foreign-made goods or traveling outside of the country, and also providing currency for smuggled goods, have also decreased,” Hariri explained.

Abbas Argon, deputy chair of the Money and Investment Market Commission in the Tehran Chamber, is known as a regime-linked economic expert. He, too, questioned the 1.2 percent growth claim raised by the Central Bank.

“Even if a low growth rate is achieved, this growth must be in constant fashion… The important issue is that this year our economic foundations are facing numerous dilemmas in regard to providing the necessary finances. This is due to the fact that from the beginning of last year (around March and April 2018), considering the nosediving value of our currency, the need for money to be actively available to the market increased by three-fold. On the other hand, the investment increase ration has been negative during the past few years. This is truly dangerous,” he warned.

Mohammad Gholi Yousefi, another regime-linked economy expert, warned senior regime officials about resorting to such lies about the regime’s nosediving economy.

“It is quite obvious that our government officials never truly feel the impact of inflation. The tables of these individuals are always full of food to eat. Their children never worry about unemployment. No government official can be found going to the store themselves to purchase their families’ necessities or have their paychecks delayed. Unfortunately, instead of having sympathy with the people, our officials are actually adding insult to injury for the people,” he explained.

The state-run Arman daily, a known mouthpiece of the Rouhani faction, even rejected his claims by citing an International Monetary Fund report.

“This year, the IMF has evaluated Iran’s true economic growth as negative 3.9 percent. Considering the developments witnessed across the globe recently, these numbers will reach a negative 6 percent at the end of 2019… and the Central Bank has evaluated that Iran’s 2019 economic growth will be around negative 4.5 percent. With this in mind, one cannot portray a positive growth for Iran,” the piece concludes.

 

 

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