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Iran's national currency depreciates by 3,500%

Due to the regime’s destructive policies, the national currency in Iran is plummeting in an unprecedented fashion
Due to the regime’s destructive policies, the national currency in Iran is plummeting in an unprecedented fashion

Analysis by PMOI/MEK

 

Iran, Aug. 8, 2019 - Abdul-Nasser Hemmati, head of the Iranian regime’s Central Bank, acknowledged the fact that since the beginning of mullahs’ reign in Iran, the value national currency has decreased 3,500 times.

“Removing four zeros from the national currency has no effect on the economic growth and wouldn’t decrease the inflation,” Abdul-Nasser Hemmati said in regime’s Majlis (parliament) while explaining the bill presented by the government to the Economic Commission.

He called this plan irrelevant and out of the economic priorities.

40 years after Iran’s 1979 revolution, the ruling mullahs have taken the country back to the Middle Ages. 

Iran has large natural resources and the potential to improve the lives of all Iranians. In addition, Iran owns 7% of mines of the world, the largest hydrocarbon sources (Oil and Gas) in the world, 9.3% of the world’s oil and 18% of the world’s gas, and Iran itself has more natural sources than the entire EU area.

 

 

 

But Iran is ruled by a dictatorship that spends all its wealth in terrorism and suppression. The fact is that Iran is ruled by a corrupt government that has looted Iranian people’s property to extend its rule.

Iran under mullahs ranked 93rd in the world in health care, in welfare, Iranian people are ranked 108 out of 149 countries and the Iranian regime is on the top of the list of countries suffering from state-run money laundering and this is one of the reasons that the Iranian regime is ranked 138 in the world in corruption and also among top countries with high inflation rates

Iranian workers’ monthly salary is less than $100 and Iran is the only country that uses all its renewable water resources and is being pushed toward an irreversible water crisis by the government.

Moreover, Iran has some of the most dangerous roads in the world and is among the top countries in road fatalities.

The mismanagement of Iran's economy has led to mass dissatisfaction and protests. The people of Iran believe they deserve better.

In the past year, Iranian people have taken to the streets to reclaim their country and destiny.

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