Iran is grappling with a severe economic crisis marked by currency depreciation and rising poverty levels. President Pezeshkian’s government faces criticism for inaction and resource misallocation, with analysts warning that the dollar could reach 110,000 tomans. Experts emphasize the urgent need for transparency from officials as public dissatisfaction mounts, risking further national unrest.
Iran is currently facing a severe economic crisis characterized by the sharp depreciation of its national currency and escalating exchange rates, alarming both the public and economy experts. The state-run news outlet, Baharnnews, publicly criticized President Masoud Pezeshkian, stating, “Mr. Pezeshkian! Plainly and without any formality—many people have reached the final stage of poverty.” This remark highlights the gravity of the situation as the national currency, the toman, has plunged in value since Pezeshkian assumed office.
When Pezeshkian took office, the exchange rate for one US dollar was around 59,000 tomans, which has now skyrocketed to over 92,000 tomans. Baharnnews further condemned the administration’s inaction, declaring, “The free fall of the national currency and the silence of your administration on this national catastrophe are unacceptable.” The state of the economy raises concerns among Iranian citizens about their financial stability.
Economic analyst Hossein Raghfar voiced concerns that the dollar could rise beyond 110,000 tomans. He insisted the government face a crucial choice: either prioritize its own survival or the interests of entrenched economic mafias. Raghfar warned about the inability of the Central Bank and the Ministry of Economy to control rising rates due to the dominance of powerful interest groups.
Raghfar also criticized the government’s allocation of financial resources; billions are wasted on importing non-essential luxury items like gold and used cars while the populace suffers from economic distress. As the national currency continues to devalue, experts predict significant inflation and a further drop in purchasing power, exacerbating poverty levels among Iranians.
Journalist Jafar Mohammadi expressed that, “Iranians are becoming poorer. Many citizens are now at a stage where they have nothing left to cut from their expenses.” He added, “People cannot go to sleep and wake up the next morning only to find themselves poorer, not just once but repeatedly.” Mohammadi’s comments stress the brutal reality many face amid the ongoing crisis, suggesting a serious threat to the stability of the government.
Critics assert that increased transparency and prompt communication from officials could alleviate some of the public’s distress. Raghfar emphasized the administration’s need for clarity regarding the causes of currency fluctuations and policy responses, which, if ignored, might lead to serious political repercussions for the government.
Iran’s economic turmoil is underscored by a plummeting currency and rising living costs, leading to skyrocketing poverty levels among citizens. Analysts predict that without effective government intervention, the situation may deteriorate further. Critics urge greater transparency and accountability from officials, warning that public dissatisfaction could surge further, destabilizing the current administration. Immediate action is required to avert a complete economic collapse in the country.
Original Source: www.ncr-iran.org
