NCRI – The Iranian regime’s Central Bank has admitted in a new report that the economy in Iran has come under tremendous pressure as a result of various crises and a significant drop in oil revenues.
According to the report, “The economic crisis has had a significant impact on the country’s economy. … The reduction in exports and foreign currency reserves are an outcome of the impact of the global economic crisis on the Iranian economy.”
The report also indicates that oil prices have slumped up to 13 percent, the housing market is facing a recession, last year alone 8.6 billion dollars worth of agricultural products were imported into Iran, and even if an hour a week were to be considered a job, still more than 3 million people are unemployed.
According to reports, in the spring of this year alone, the number of unemployed in Iran has jumped by a million.
At the same time, an official in the mullahs’ Ministry of Industry and Mines has said that scrapping subsidies will hurt more than 7,000 factories.