Iran is presently dealing with a fancy financial disaster, resulting in challenges in livelihood, elevated poverty, inequality, homelessness, starvation, unemployment, and a pervasive setting of oppression and exploitation. Even the government-controlled media can not ignore the severity of the state of affairs.
On Saturday, January 27, state-run media issued a warning in regards to the deepening financial disaster, revealing that over the past three months, a big 9 billion {dollars} in capital has fled the nation.
The escalating tensions within the area have triggered the value of the greenback to exceed 56 thousand tomans on Thursday, affecting gold and coin charges and inflicting the inventory market index to drop. Currency professional Sajjad Burbour expressed concern, stating, “A capital outflow of 9 billion {dollars} in three months implies the liquidation of belongings—homes, vehicles, and property—transformed into foreign money to depart the nation. Last 12 months’s 10 billion {dollars} of capital outflow is a big determine.”
The Central Bank’s steadiness sheet reveals a 20% discount within the financial base, indicating an infusion of 200 trillion tomans of international foreign money into the market, with tomans collected in return. These financial occasions occurred earlier than the Gaza conflict, and the nation’s commerce steadiness presently shows a unfavorable 10 billion {dollars}. Experts predict the greenback might rise to 58-60 thousand tomans by year-end, partly on account of regional conflicts in Yemen, Gaza, Iraq, Syria, and Pakistan.
Approximately 10 million persons are engaged in casual jobs, similar to web taxi drivers and social media platform employees. These people lack insurance coverage, go away, incapacity advantages, and any job safety. They function on the fringes of official statistics and face potential dismissal and unemployment at any second. Shockingly, these ten million employees lack a pension and are pressured to work till their final breath.
The reducing earnings of employees is a logo of their diminishing livelihoods. Recent studies from Bahar News emphasize the cruel actuality—because of the rising costs of dairy and meat, employees are resorting to a weight loss program dominated by bread and sugar, main many right into a state of poor vitamin and excessive starvation. This paints a stark image of the residing situations confronted by the struggling workforce.