Protests erupt in Iran over currency’s plunge to record low

As protesters took to the streets of Iran this week, amid chants of anger against Supreme Leader Ayatollah Ali Khamenei and fury over an economy in free fall, a slogan once considered politically unutterable returned, and the sounds of crowds chanting it filled the air.

“Javid Shah” – Long Live the Shah.
 
As usual, it is the economy which does them in.

The most visceral indicator of this failure is the currency. When Ruhollah Khomeini swept to power in 1979, one US dollar traded for 70 rials. Today, that same dollar commands a staggering 1,130,000 rials, more than 16,000-fold its price in 1979. In the last year alone, the rial has lost 50 percent of its value. This isn’t just a monetary statistic; it is the erasure of the Iranian middle class’s savings and dignity.

In a country with abundant fossil fuel resources, Iranians face electricity and natural gas shortages, which make both hot and cold seasons unbearable. To add insult to injury, decades of mismanagement and corruption have eroded the country’s water supplies, and Iranians across the country are now struggling with drinking water shortages.

1767369928577.webp



Vast oil reserves, yet economic collapse.

46 years is faster than the USSR's 72 years.
 
The water thing was serious too. Had it not rained recently, they were going to start evacuating people from Tehran.
 
Golly, I would just hate to see this murderous thug got tossed out on his ear and maybe eaten by ravenous hogs or something.

i-K3H9fzH-M.jpg
Yeah. I would hate to see this devil shot with bullets dipped in pig blood.
 
Does anyone remember when the Iranian people rose up during Obama's first term and that snake supported the regime.. President Trump told the thugs to stop shooting the people or the regime is toast. That's why the people love Trump and democrat politicians and their pawns hate him.
 
Back
Top Bottom