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Iran: Liquidity on the rise, economy nosediving

Liquidity is on the rise in Iran, causing grave concerns for many regime officials
Liquidity is on the rise in Iran, causing grave concerns for many regime officials

Analysis by PMOI/MEK

 

Iran, July 10, 2019 - Based on the latest numbers presented by the cabinet of Iranian regime President Hassan Rouhani, the volume of liquidity in Iran has witnessed a 1.23 percent increase by March of this year, passing the 18 quadrillion-rial mark (equal to around $42.86 billion based on the regime’s fixed exchange ratio of one dollar being equal to 42,000 rials).

This amount of liquidity increase is witnessed in Iran while the state-run Jahan-e Sanat daily wrote an interesting piece on Tuesday.

“The Rouhani government, in its latest measures in line with censoring the country’s true statistics, has banned the Central Bank from publishing its ‘Finance and Budget’ report. This testimony is allocated to the effectiveness of people’s revenues and public budget costs,” the piece reads.

“Follow-ups show that due to an increase in the rift between revenues and government expenses, the government has banned the Central Bank from publishing this report,” the article continues.

Furthermore, from March 2018 to March 2019, the mullahs’ economic growth has been negative by five percent and the Iranian people have become at least seven percent poorer. Poverty is skyrocketing across the country.

 

 

 

Other state-media outlets, including Mardom Salari, made further remarks on Tuesday in regards to the new economic controversy.

“Considering the increasing exchange rate of the rial-dollar in the currency market, and considering the fact that the price of goods increase as the dollar becomes more expensive, it appears that this year’s inflation rate will be even higher than back in 1995,” the report reads.

The Jahan-e Sanat piece also weighed in on the dismal economic situation in Iran under the mullahs’ rule.

“The most important factor that was able to pin the economy in a dead-end was the United States’ sudden and unilateral exit of the 2015 nuclear deal [also known as the Joint Comprehensive Plan of Action – JCPOA] and imposing severe restrictions on exporting and selling oil,” the piece reads.

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