Iranian media, citing an official letter from the Minister of Economic Affairs and Finance to the “acting president” dated July 27, announced that the cash balance of the treasury is 105 trillion rials, approximately 170 million dollars.
The regime’s Asr Iran website published this news, stating that this amount is literally “nothing” for a country like Iran, as the salaries and wages of employees are much higher than these figures.
Asr Iran emphasized that this does not mean that no money will come in the future and that the government cannot pay salaries. However, it stated that “the current treasury balance, which the thirteenth government is handing over to the fourteenth government, is only enough to pay the salaries of government employees for 2 to 3 days.”
The financial crisis in Iran, resulting from sanctions due to its ambitious and “suspicious” nuclear activities, along with government mismanagement, has placed the country in the most challenging period of the last four decades.
Problems with oil exports and the return of its revenues have also created significant challenges for the production sector.
In this regard, on July 16, Hossein Selahvarzi, a member of the regime’s “Board of Representatives of the Chamber of Commerce” of the Iranian regime, announced that the government is “facing a shortage of foreign exchange resources” and that “the statements of responsible officials regarding the management of foreign exchange resources are a kind of courtesy.”
Selahvarzi stated that the supply of a wide range of imported goods has been “disrupted and now we have reached a point where even the raw materials and necessities needed by production units are not being supplied.”
The resistance of Iranian regime officials to remove existing obstacles in order to get Iran’s name off the Financial Action Task Force (FATF) blacklist is one of the issues that has troubled Iran’s economy. Alongside this, international sanctions imposed due to the lack of transparency in the Iranian government’s nuclear program in recent decades have limited the regime’s access to foreign exchange resources.
However, despite these problems, the Iranian regime continues to spend the resources of the Iranian people on its ambitious interventions in regional countries and warmongering in Lebanon and Palestine.
