Iran Economy NewsLoss of $22 Billion in Foreign Exchange a ‘Minor’...

Loss of $22 Billion in Foreign Exchange a ‘Minor’ Issue in Iran

-

Iran’s government is one of the most corrupt in the world, in which the vanishing of huge amounts of money is a daily event.

By Jubin Katiraie

A powerful system of political patronage, nepotism, and cronyism pervade all sectors of Iran’s economy. Bribes are often given to obtain services, permits, or public contracts.

Nearly all of Iran’s economy is in control of key state institutions, including the Islamic Revolutionary Guards Corps (IRGC) and the judiciary.

There is an old Persian proverb that is said, a thief who steals stolen property is the king of thieves. Today, the question which is standing in front of us is, when Iran’s government is busy by looting, stealing the people’s wealth and the country’s precious resources and money on a daily basis, which thieves have stolen $22 billion of government currency?

Jamal Razaghi, head of the chamber of commerce in Fars province, told the state-run ILNA news agency on 24 July: “At least $22 billion of the country’s currency has disappeared in the situation of the sanctions under the pretext of allocating government currency. Contrary to what the president said, who believes that currency belongs to the government, I believe that currency belongs to the country and the people.”

Razaghi added: “The government should cut the allocation of the 4200 Tomans currency due to corruption and rent-seeking. Instead, it should increase the wages of the working class and those cover more people by the Relief and Welfare Committee. Government currency has had no consequences other than corruption.”

He further referred to the recent parliamentary resolution on preventing the allocation of government currency and giving coupons to needy families: “There is corruption in the coupon system and the plan to coupon goods and medicines does not benefit the needy. Any action that could lead to corruption must be avoided.”

This official talks about the loss of $22 billion in government currency, which the Rouhani government has been asking for a $5 billion loan from the International Monetary Fund for several months and has not been given it. This amount of money is lost, while Rouhani wrote letters to Khamenei several times to withdraw $1 billion from the Development Fund and made the deteriorating situation of the people due to the coronavirus an excuse for this demand so that he could withdraw $1 billion from this fund.

Of course, it should not be forgotten that Mohammad Javad Zarif, Iran’s Foreign Minister, also said very clearly in May 2017: “We gave $35 billion to those who circumvent the sanctions, and now it is not clear where that money is?”

These days, Rouhani is trying to secure his vacant treasury, which he says has a 50 percent budget deficit, by taxing vacant homes. But neither Rouhani himself nor the members of his government, nor the Judiciary, who only thinks of executing and giving heavy sentences to civil activists and workers, have nothing to do with pursuing such thefts and lost funds which is for many countries around the world their annual budget.

 

Read More:

Fight Against Corruption in Iran’s Judiciary or Khamenei’s Successor?

Latest news

Iran’s Regime Very Close to Producing Nuclear Bombs, IAEA Director Warns

Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), told Germany's state-run network ARD television network in...

Iranian Women’s Resistance: Beyond the Veil of Hijab Enforcement

These days streets and alleys of Iran are witnessing the harassment and persecution of women by police patrols under...

Fabricated Statistics in Iran’s Economy

While Iranian regime President Ebrahim Raisi and the government's economic team accuse critics of ignorance and fabricating statistics, Farshad...

Iran’s Teachers Working at Low Wages and Without Insurance

While pressures on teachers' activists by the Iranian regime continue, the regime’s Ham-Mihan newspaper has published a report examining...

House Rent Prices at Record High in Iran

After claims by Ehsan Khandouzi, the Minister of Economy of the Iranian regime, regarding the government's optimal performance in...

Why Nurses in Iran Migrate or Commit Suicide

This year, the issue of suicide among Iran's healthcare personnel resurfaced with the death of a young cardiac specialist...

Must read

ANALYSIS – New Iran sanctions: A question of when, not if

Reuters: China is slowly and reluctantly falling in line...

Iranian Administration Always Finding New Ways to Rob Their People

Iran Focus London, 24 Jun - The people launching...

You might also likeRELATED
Recommended to you