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Government to blame for Iran's deepening recession


Government to blame for Iran’s deepening recession
Dr. Majid Rafizadeh
Iranians queue at a money exchange in Ferdowsi square, Tehran, Iran, July 2, 2020. (Reuters)
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When the Iranian authorities boast about Iran’s “resistance economy,” they are attempting to hide the fact that the government’s economic problems have deepened to a dangerous level.
Iran’s official reserves dropped to a record low of $4 billion last year, down from $122.5 billion just two years earlier. This has partially contributed to the devaluation of the currency. Iran’s currency was trading at about 30,000 rials to the US dollar in 2018, compared to approximately 240,000 now. ....

Majid Rafizadeh , Abdul Nasser Hemmati , National Development Fund , Ministry Of Economy , Financial Action Task Force , Central Bank , Farshad Momeni , Nasser Hemmati , Channel Three , Terrorist Financing Conventions , Islamic Revolutionary Guard Corps , மஜித் ராபிஜதேஹ , தேசிய வளர்ச்சி நிதி , அமைச்சகம் ஆஃப் பொருளாதாரம் , நிதி நடவடிக்கை பணி படை , மைய வங்கி , பர்ஷத் மோமேனி , சேனல் மூன்று , இஸ்லாமிய புரட்சிகர காவலர் கார்ப்ஸ் ,