Iran General NewsIran's Economic Crisis Will Be Hard to Resolve Without...

Iran’s Economic Crisis Will Be Hard to Resolve Without the Involvement of the West

-

Iran Focus

London, 30 Apr – With less than a few weeks to go until the presidential elections in the Islamic Republic of Iran, the country’s Supreme Leader, Ali Khamenei, has banned several candidates from looking for economic development anywhere but inside Iran’s borders. His comments were made during a public speech on Tuesday 25th of April.

However, these candidates had already expressed these intentions during the presidential debates. They all declared that they did not want to look to the West for economic development, but they all did mention that they were deeply concerned about the economic problems Iran is currently facing. They said that Iran may not have any option, however much they didn’t want it, but to turn towards the West.

One of the banned candidates is vice president Eshagh Jahangiri. He said recently that unemployment is a very big problem for Iran at the minute and pointed out that in some regions it has risen by more than 30 per cent. He also said that women are the worst affected and the rate has doubled for some areas.

Although the current President, Hassan Rouhani, has made great efforts to show records about Iran’s economic development, he seemed to backtrack with a comment he made earlier this week. He said: “I never promised to solve economic problems in 100 days, because Iran’s economic problems will not be fixed in another 100 years.”

The rival candidates to President Rouhani have expressed their desire to completely dismantle the current government. Ebrahim Raisi, one of his rivals, has made numerous comments about current administration and the system of corruption.

Raisi said: “If the government officials put their feet out of their rooms it becomes clear to them that only four percent of the society are satisfied with the status quo.”

Another candidate, the current mayor of Tehran, Hammad Bagher Ghalibaf, also expressed similar beliefs.

In any case, whoever is elected will face the same complicated and intricate issue regarding the Iranian economy.

Without the help of the West, no government or President of Iran would be able to contain the numerous crises that they will have to deal with.

One of the most serious challenges that would have to be faced is the bankruptcy of the banking system. Also, if the government itself was to go bankrupt it would cause chaos. Ali Taiebnia, the Minister of the Economy, has said that the government already has a debt of over $230 billion.

Whatever happens, the next President has a tough job when it comes to the economy.

 

Latest news

Iranian Women’s Resistance: Beyond the Veil of Hijab Enforcement

These days streets and alleys of Iran are witnessing the harassment and persecution of women by police patrols under...

Fabricated Statistics in Iran’s Economy

While Iranian regime President Ebrahim Raisi and the government's economic team accuse critics of ignorance and fabricating statistics, Farshad...

Iran’s Teachers Working at Low Wages and Without Insurance

While pressures on teachers' activists by the Iranian regime continue, the regime’s Ham-Mihan newspaper has published a report examining...

House Rent Prices at Record High in Iran

After claims by Ehsan Khandouzi, the Minister of Economy of the Iranian regime, regarding the government's optimal performance in...

Why Nurses in Iran Migrate or Commit Suicide

This year, the issue of suicide among Iran's healthcare personnel resurfaced with the death of a young cardiac specialist...

Farmers Resume Protests in Isfahan, Education Workers Protest Low Wages

Economic protests in Iran on Monday, April 15, continued with farmers gathering in Isfahan province (central Iran) and school...

Must read

US says Iran must show action by Moscow talks

AP: The United States appeared to set a deadline...

Rice warns of more sanctions on Iran

Reuters: The United States will aggressively impose more sanctions...

You might also likeRELATED
Recommended to you