Iran’s currency ruined
After the destruction of the currency, all the steps taken by the Government of Iran regarding damage control are proving to be unsuccessful. Earlier, in December last year, the Iranian government had dismissed Ali Salehabadi, former governor of the Central Bank of Iran, from his post, during whose tenure Iran’s currency had fallen below 440,000 against the dollar. At the same time, in the last one month, there has been a further loss of 10 thousand points in the currency of Iran and it has come below 4.5 lakh. According to the report of Aljazeera, the new governor of the Iranian Central Bank, Mohammad Reza Farzin, was made, who has tried to control the country’s inflation, which has now gone above 40 percent, and to increase the value of the Iranian currency against the dollar by 2 lakh 85 thousand rupees. Who had vowed to bring them down, they too have so far failed to do so.
Things worsened due to the devastation of Riyal
The situation in Iran has become very serious and inflation in the country has reached its peak level. The government had already banned the import of non-essential items from abroad and now restrictions are being imposed on the import of essential items as well. However, the bank’s new governor, Farzin, said on Saturday that “there is no shortage of currency and gold reserves with the central bank, and the main reason for currency fluctuations is media propaganda and psychological operations in society.” That is, they have denied the destruction of the Iranian currency and have held the people of the country responsible for the destruction of the currency.
What is the government of Iran doing?
As the rial’s value once again fell to a record low in the open market on Saturday, the Iranian Central Bank claimed that Iran’s 300 million euros ($326 million) stuck in Iraq would be received despite US sanctions. has been injected into the market. Let us tell you that the biggest reason for the devastation of Iran’s currency is the economic sanctions imposed by the US, which were unilaterally abolished by the Donald Trump administration in 2018. A nuclear agreement was signed between Iran and the US in 2015, but the Trump administration canceled the agreement in 2018 and imposed harsh economic sanctions on Iran, only after which Iran’s plight began.
Action against the government of Iran
Let us tell you that since September last year, protests against Hijab are going on in Iran, for which the Islamic government of Iran has started hanging the protesters, which is being criticized all over the world. At the same time, last week, the European Parliament overwhelmingly approved a proposal to declare the Islamic Revolutionary Guard Corps (IRGC) a “terrorist” organization as well as ban Iran’s Supreme Leader Ayatollah Ali Khamenei, President Ibrahim Raisi and some other leaders. Has given, which is a big blow for Iran.