Iran Economy NewsIran’s Economy Worsens As the Government Continues To Plunder...

Iran’s Economy Worsens As the Government Continues To Plunder National Wealth


The current economic situation in Iran is the worse one that the country has experienced in the last century. With the Iranian regime’s new president, Ebrahim Raisi, and his administration promising that they will resolve Iran’s crises, the question remains as to whether they will be able to.

Iran’s economy has long been monopolized by Khamenei and the Revolutionary Guards (IRGC). But Raisi’s administration is full of IRGC commanders and Khamenei’s inner circle men whose main task is to plunder Iran’s national wealth and prolong the regime’s life.

When Raisi announced the nominees for his cabinet following his inauguration, Iranian dissidents described the chosen candidates as the embodiment of four decades of the religious and terrorist dictatorship of the mullahs, whose mission is to counter popular uprisings, plunder national wealth and resources, step up terrorism and warmongering, and expand the unpatriotic nuclear and missiles projects.

Khamenei has also handpicked the regime’s parliament and put one of his closest officials and a corrupted element, Mohammad Bagher Ghalibaf, as the parliament’s speaker. As the mayor of Tehran, Ghalibaf is accused of stealing over billions of dollars.

Ghalibaf formerly served as one of the top commanders in the IRGC and was later succeeded by Alireza Zakani, another IRGC commander who is close to Khamenei. The IRGC is notorious for using its headquarters and ‘front’ companies to plunder the nation’s wealth, with their top corrupt organization being the Khatam al-Anbiya Construction Headquarters.

This company began as an industrial and construction contractor in 1989, with the goal of the organization to “efficiently utilize the available construction and economic resources, capacities and talents of the IRGC to continue the Islamic Revolution.”

The Khatam Headquarters contracting services acts as a huge intermediary between the government and small engineering and technical companies, which have a major portion of their revenues seized by Khatam. Ownership of many of these companies occurred unilaterally or through intimidation and force.

Back in September 2019, former government minister, Behzad Nabavi explained that in Iran, 60% of the national wealth is controlled by four main institutions, which are the Executive Headquarters of Imam Khomeini’s Directive (Setad), Khatam al-Anbiya Base, Astan-e Quds, and the Foundation of the Oppressed and Disabled.

Between 2007 and 2011, the current Minister of Urban and Road Development in Raisi’s cabinet, Rostam Ghasemi, served as the commander of Khatam al-Anbiya, before becoming the Minister of Oil in then-president Mahmoud Ahmadinejad’s administration between 2011 and 2013. During his service, financial irregularities, cases of embezzlement and bribery, as well as other financial crimes, all took place.

These facts highlight once again that Ebrahim Raisi and his ilk are not going to solve Iran’s economic problems. Iran’s state media also confirmed the latter on Tuesday.

The state-run Hamdeli daily wrote on October 19 that the Iranian economy has yet to change following Raisi’s inauguration. The worst problem faced by the Iranian people is the rising inflation rates which are directly affecting their lives.

Daily protests are taking place across Iran, attended by people from all walks of life as the worsening crises are turning society into a powder keg. The frustration and restiveness are set to grow even more if the regime is still reluctant to find solutions.

They have realized that Raisi’s hollow promises are part of the regime’s deceptive measures to postpone another major uprising. The regime’s ongoing corruption and its devastating effects on people’s lives have indeed created a danger towards the regime.

Latest news

Frustration of Iran’s Middle Class

These days, the middle class of Iran still maintains its cultural conditions, but economically it has collapsed into the...

Hamid Noury Contradicts His Own Testimony During His Trial

The fifth day of former Iranian prison official Hamid Noury’s own testimony at his trial in Sweden took place...

Iran: Militarization of the Country’s Education

After months of contention about the position of the minister of education, the Iranian regime’s president Ebrahim Raisi finally...

As Thousands of Iranian Prisoners Were Executed in the 1988 Massacre, the World Remained Silent

With the trial of former Iranian prison official Hamid Noury still ongoing in Sweden, proceedings were briefly expedited to...

Even a Revived JCPOA Will Not Save Iran’s Government

Since the beginning of the Iranian regime’s nuclear crisis, which was revealed by the Iranian opposition group, the MEK,...

Iran’s 1988 Massacre Will Never Be Erased From History

As the trial of former Iranian prison official Hamid Noury races forward in Sweden, supporters of the Iranian Resistance...

Must read

Iran: Nightly Arrest of Steel Factory Workers

Iran Focus London, 02 Mar - The Free Trade...

Ahmadinejad says Europe risks Iran ties over nuclear dispute

Bloomberg: President Mahmoud Ahmadinejad said European nations risk damaging...

You might also likeRELATED
Recommended to you