Iran Economy NewsTehran Confuses International Bodies With Mysterious Stats

Tehran Confuses International Bodies With Mysterious Stats


On July 19, the Iranian state media launched a new wave of propaganda, claiming that Iran is among the world’s wealthiest states. The Jahan-e Sanat daily reported that “Recent statistic surveys show that Iran’s economy has been ranked as the 14th world’s great economy.”

They added, “According to the International Monetary Fund’s studies, Iran’s Gross Domestic Product’s value has reached $7.1 trillion in 2022. Iran’s $7.1-trillion economy is still far from the developing and welfare indicators; however, it has placed above countries like Mexico, Turkey, Spain, Sweden, and Saudi Arabia.”

This significant report attracted audiences spontaneously. Particularly, those economists and politicians who closely follow the financial news about Tehran, including the rampant inflation, unprecedented poverty, the government’s stellar debts to the banking system, systematic corruption, and massive budget deficits.

However, these reports fail to tell the whole truth about the current situation in Iran. In reality, citizens across the country are left to rummage through waste bins to make ends meet, families’ food baskets have shrunk, and many youths are forced to either sell their body organs to afford their relatives’ expenditures or are driven to commit suicide.

What the people of Iran are experiencing on a daily basis is completely different from the results of so-called ‘studies’. It begs the question, what is the source of these misleading reports? This distinction between reality and the stories from international bodies is rooted in Tehran’s mysterious banking system.

The government has officially declared that the USD trades for 42,000 rials. In reality, any USD is trading against 300,000 rials in the bazaar, showing a sharp depreciation in the Iranian national currency’s value.

In this respect, the mullahs have completely misguided the international bodies, including the IMF, in accounting for the GDP value. In other words, Iran’s real GDP should be calculated based on the rial’s valuation provided by experts, such as Prof. Steve Hanke, who offer a weekly #CurrencyWatchList.

The Iranian government has routinely refused to join the Financial Action Task Force in order to hide its corrupt and fraudulent stats. Due to the mullahs’ and Revolutionary Guards (IRGC) untransparent and tax-exempted institutions, it is impossible to obtain an actual estimation of Iran’s economy.

Aside from these facts, the state media has revealed Raisi’s massive budget deficit. On August 18, the Abrar daily wrote, “The Raisi government experienced a 200-trillion-rial budget deficit from March to June 2022.” Notably, this deficit only accounts for four months, not the whole year, indicating that the Raisi government’s deficit is far higher than this amount.

In a nutshell, the mullahs have tried to fish in muddy water, inspiring their disappointed forces about a ‘shiny future’. They can no longer defuse society’s volcanic situation and the ongoing socio-economic protests.

As the government faces financial dilemmas and has been entangled by public hatred, the mullahs are still funding extremist groups and proxy conflicts in the Middle East at the expense of Iranian citizens, as they sink society into further poverty and misery.

Latest news

Iran’s New Generation Seeks Nothing but Regime Change

In a silly and desperate statement, the Iranian regime’s foreign minister Hossein Amir-Abdollahian claimed that nothing special is going...

Iran’s Youths Broke the Spell of Fear

One of the main characteristics of the recent protests in Iran is the courage and fearlessness of the people,...

Iran Is on the Brink of a Revolution

The wall of fear has been broken. In many cities across Iran, women are taking to the streets, leading...

Iran’s Regime Claims To Fill Global Energy Gap Despite Crippled Petroleum Sector

In recent weeks, the Iranian regime’s officials have been constantly exaggerating their huge capacity in oil and gas reserves...

What Is Happening in Iran?

Following the brutal killing of Masha Amini, the Iranian people have once again united to fight and defeat the...

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Must read

Iran Regime Is Taking Over Middle East; What Can We Do?

Iran Focus London, 6 Sep - Like the so-called Islamic...

Iran returns sanction fight to Gulf shipping lanes

AP: When Pentagon officials announced plans to send U.S....

You might also likeRELATED
Recommended to you