Iran Economy News Disaster of Oil-Presell to the People by Iran’s Government

Disaster of Oil-Presell to the People by Iran’s Government

-

Iran’s oil in the hand of a corrupt government

By Jubin Katiraie

Iran decided to list oil in its energy exchange to collect cash from the people.

On 6 August, Iran’s President Hassan Rouhani said, that on 10 August a plan in the meeting of the head of the three branches will be concluded, that if Iran’s supreme leader Ali Khamenei agreed, it will be a promotion for the country’s economy.

This plan was so disastrous and senseless that right after its announcement it was mocked by Iran’s people and of course by the officials from both factions. And some in the government called it, “the Friday morning decisions”, of Rouhani. State media outlets say that this plan is worthless and is not expertly reviewed.

The president may have thought that just with a hocus pocus all the country’s economic problems can be solved, which is the result of the 41-year reign of this regime.

In a coordinated choir, all the officials try to show a better situation. Like synchronized announced of Rouhani and the head of the central bank, that the price of the foreign exchange is decreasing, or the speeches of the head of Rouhani’s office who have claimed that the sanctions will be removed very soon, but the reality is showing something else, the shrinking of the people’s table day after day.

A holed pocket

This expression is one of the comments by the state media, that compares the government’s economy to a “pocket with a hole and which is loose”, which never becomes full and never satisfies:

“People call something an economic development, which does not mean compensating the government budget deficit by the leaders or stealing from the people’s property. Development means that the people can take a ‘breath’, not that the government by its try to fill its holed pockets, by trying to get the money in the hands of the people.” (Aftab Yazd, 10 August)

This action has no other purpose, to maintain the rule of the regime by relying on the pockets of the people. In other words, the government not only has no plan to save the lower deciles of the society and the majority below the poverty line but also intends to take the last little was is left for the people from their greatly reduced tables.

Elias Naderan, a member of the parliament, called the decision a disaster: “The government has promised economic opening next week, and experience shows that these promises will not affect the lives of the lower deciles and low-income groups. Apparently, this news refers to the sale of oil futures (oil bonds). From what I have heard, this news is more like a catastrophe than an economic promise.” (Resalat, 10 August)

The issue is just as ugly. Khamenei and Rouhani, in order to maintain their dominance, sell the oil, this precious reserve of the present and future generations of Iran to the Iranian people, the money of which was supposed to reach the people’s tables.

Aftab Yazd further wrote: “We have been living in it for forty years. Unusually, many of the decisions of this government are not expertise, and for not having this expertise, we have paid heavy costs, such as in November 2019. The government’s gasoline decision, which was also approved by the Supreme Economic Coordination Council.”

 

Read More:

Iran Government’s Economic Misery Through the Lens of State Media

Latest news

Iran Faces Blackouts and Air Pollution

In recent weeks, Iranian citizens have faced unprecedented power outages, leading Iran’s capital and major cities to darkness. In...

FBI Arrests Tehran’s Agent

An agent for the Iranian government was arrested at his home in Watertown, Massachusetts, on Monday, after ten years...

Europe Condemns Iran’s Nuclear Moves but Further Action Is Needed

Britain, France, and Germany, who are the three European signatories to the 2015 Iran nuclear deal, sent out a...

Iran’s Misery Index Could Be 70 Percent

Iran’s currency has plummeted in the past decade thanks to inflation and negative economic growth, meaning that the people’s...

Iranian Officials Use Stock Market to Plunder People’s Money

These days, the drop in Iran’s stock index has intensified people’s anger at the government’s economic mismanagement, a phenomenon...

One Million Iranian Women Lose Jobs Because of COVID

In the past eleven months, many Iranian breadwinners have lost their employment due to the coronavirus outbreak, which imposed...

Must read

Iran develops heavy machine-gun capable of piercing armoured vehicles

AP: Iran has begun production of a heavy machine-gun...

Iran Regime Broadcasts ‘Confession’ of Dual National Accused of Spying

Iran Focus London, 18 Dec - The Iranian Regime’s...

You might also likeRELATED
Recommended to you