Dr. Sanabargh Zahedi

By Dr. Sanabargh Zahedi

In Tehran on Monday, the value of Iran’s official currency, the Rial, took yet another dive, standing at 35000 rials for each U.S. dollar. Two years ago, it stood at 29000 rials to the dollar.

The fall in the currency value is an important indicator of the fragile state of Iran’s economy and illustrates the Rouhani government inability to improve the country’s economic conditions.

The state-run Fars news agency reported that this is the highest value for the dollar in the past two years.

The nuclear deal between Iran’s regime and the six world powers on July 14 resulted in a reduction in the price of foreign currency and gold to some extent, but only a few days later the Rial again lost its value against foreign currencies.

There were expectations that following the nuclear deal the economy would improve but reports indicate that severe stagnation still hurts the economy.

Mohammad Bagher Nobakht, head of the regime’s Management and Planning Organization, recently stated that Iran’s budget deficit has reached 50% for this year.

The director of exports of Iran’s Central Bank has stated that “increase in real demand, increase in delayed payments, plunge in oil prices, increase of trade in unofficial markets, and waning of market excitements” are among the causes for an increase in the value of foreign currencies.

The price of Iranian oil was estimated at $70 a barrel when Hassan Rouhani’s administration set this year’s budget; but oil prices now stand at $40 a barrel.

Nevertheless, analysts of the Iranian economy believe that even without a drop in oil prices, it was unimaginable for Iran’s economy to rebound from bankruptcy. The expenses of the war in Syria and Tehran’s backing of the Houthis in Yemen and the militias affiliated with the Quds Force in Iraq, as well as the billions spent each year on the nuclear weapons projects are burdening the Iranian economy and depriving the country of internal investments.

Most importantly, the entirety of Iran’s economy is suffering from institutionalized corruption and a monopoly by organs affiliated to the regime’s Supreme Leader Ali Khamenei, in particular the Islamic Revolutionary Guards Corps (IRGC).

Dr. Sanabargh Zahedi, Chairman of the Judicial Committee of the National Council of Resistance of Iran (NCRI)

Pin It

Iran news in brief

Terrorist Training Camps in Iran Run by IRGC

Solidarity with the historic resistance of the people of Iran for freedom

Maryam Rajavi in the grand gathering of Free Iran- paris, July 1,2017

Free Iran Gathering - Paris, 1 July, 2017

IRAN: Ali Fallahian’s shocking Confessions regarding 1988 massacre of political prisoners

#FreeIran Gathering in the Eyes of the World Dignitaries

Message of Support From Romanian parliamentarian Ben Oni Ardelean to Iranian Opposition Grand Gathe

Public support for the IrIranian Opposition Grand Gathering

Message of Support From Romanian parliamentarian Vlad Durus to Iranian Opposition Grand Gathering

Senator Lucio Malan member of Italian Senate support for the IrIranian Opposition Grand Gathering

Support for the Iranian Opposition Grand Gathering (Free Iran)

Message of Support From Romanian parliamentarian Romeo Nicoara to Iranian Opposition Grand Gathering

Violent attack of regime’s police forces on protesting gold miners in the North West of Iran


Assist us in our campaign for
freedom, democracy and human rights



NCRi on Twitter