03252019Mon

How the Fall of Iran’s Currency Affects Ordinary people?

Iran Focus

London, 18 Sep - As the Iranian rial continues its decline, the US dollar reached an historic record high on Tuesday, September 4th, with an exchange rate of 150,000 rials to the dollar.

Long lines snake down the streets outside currency exchange offices in Tehran as panicked citizens try to exchange their rials for something, anything, else.

When SAIPA, the infamous vehicle made by an Iranian car manufacturer, launched an online pre-sale of 50,000 of its Pride models, six million people rushed to the website, buying out all 50,000 in less than a minute.

MHP units

Iran Focus

London, 11 Sep - Former President Mahmoud Ahmadinejad advocated for an ambitious housing project that has become a problem for Rouhani and his cabinet. In fact, Rouhani had singled out Mehr Housing project as being a major hurdle to Iran’s already faltering economy, in a televised speech that marked his first 100 days in office.

On Sunday, the deputy minister of Roads and Urban Development said that there are still 200,000 half-built Mehr Housing units across the country, with no buyers for at least 100,000 units. Ahmad Asghari Mehrabadi said that government hopes to encourage people to buy the units by removing any conditions or hurdles to applying for the ownership of the units.

Iran’s Water Shortage has Passed the “Critical” Point

Iran Focus

London, 14 August - Isa Kalantari, head of Islamic Republic’s Department of Environment (DoE) and deputy President, warned his country’s leadership that the looming water crisis in Iran is “much more severe” than what has already been predicted. “There will be no water in Iran within less than fifty years.”

Previously, in an interview with the state-run Iran Labor News Agency (ILNA), Kalantari warned that more than 70% of Iran’s population is facing water shortage — the volume of consumption per person has passed the “critical” point.

Increased Fuel Smuggling in Iran as Currency Plummets

Iran Focus

London, 7 Sep - Smuggling fuel is on the increase as prices soar inside and outside the country.

Iran’s rial has plummeted to a record-breaking 140,000 against the U.S. dollar. The rial has lost about 72% of its value since September 2017, but subsidized fuel prices remained unchanged.

Today, gasoline prices in Iran are approximately 10 cents per liter, while in Pakistan, Afghanistan, Turkey, and Iraq gasoline is six to 10 times more expensive. Smuggling gasoline is therefore quite lucrative.

Iranian farmers protest water shortages

Iran Focus

London, 20 July - Farmers in Iran are protesting the government’s failure to deal with the severe drought problem that has left many unable to grow crops to feed the people.

Just outside the city of Varzaneh, farmers have been gathering on a daily basis, next to a dry canal that once irrigated their farms, to plead for help from the mullahs, while holding up signs that read “How long will you eat your bread made with our blood?”.

Protester Mostafa Benvidi said: “We are the people. Help the people. At night they go to bed hungry!”

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