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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The dollar crisis is exacerbating in Iran, and fingers point to a "government plan"

    Rocky
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    • Post n°1

    The dollar crisis is exacerbating in Iran, and fingers point to a "government plan" Empty The dollar crisis is exacerbating in Iran, and fingers point to a "government plan"

    Post by Rocky Mon 20 Feb 2023, 5:30 am

    [size=30]The dollar crisis is exacerbating in Iran, and fingers point to a "government plan"
    [ltr]2023.02.20 - 12:58[/ltr]
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    Baghdad - people  
    The collapse of the Iranian currency against hard currencies continues in light of the authorities' inability to contain the escalating crisis, after the price of one dollar approached 50,000 Iranian tomans, in a precedent that is the first of its kind in the history of the Iranian economy.  
      
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    Jahan Sanat newspaper mentioned in a report affiliated with "Nass" (February 20, 2023) that some of the news circulating in the Iranian milieu are about the government deliberately raising dollar prices to pay for its budget shortfall. She wrote: "The terrible rise in dollar and gold prices confused all sectors in the markets," referring to the repercussions of the crisis of the collapse of the Iranian toman and the consequent decline in the purchasing power of citizens in Iran.  
      
    Jihan Sanat quoted the words of the economic expert, Hossein Raghfar, who said, "The government raises the price of hard currencies in order to make it easier for it to provide salaries to employees and thus pay off its debts. The truth is that the cost of these measures by the government will be costly to Iranian society, and the most important question: Is the government thinking And who is responsible for the consequences of such decisions?”  
      
    In turn, economic researcher Peyman Mawlawi told the newspaper: "There is a proposal that says that the government, in order to cover the shortfall in its budget, raises the price of hard currencies, but the government must realize that the budget shortfall, estimated at 500 thousand billion tomans, cannot be compensated by raising the price of hard currencies."  
      
    The researcher explained: "Even if we very much accept that this policy will lead to addressing the budget deficit, it will result in the loss of citizens' confidence in the government."  
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