Thursday , 27 January 2022

Economy

Iran Chief Auditor’s Report On Missing Billions Angers Rouhani

Radiofarda – Iran’s President Hassan Rouhani has lashed out at the country’s Financial Controller’s Office for a report which says his administration has mishandled the country’s budget two years ago. The report by Iran’s Chief Auditor Adel Azar was published on Tuesday April 14 and charged that $4.8 billion of the budget has “disappeared.” Speaking on the Iranian state TV, an …

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Almost $5 Billion Of Iran Government Money For Imports Is Missing

Radiofarda – Almost five billion dollars of the Islamic Republic’s money is missing, says the Director of the Supreme Audit Court of Iran (SAC), Adel Azar. Based on the official rate of 42,000 rials for one dollar, the Islamic Republic government distributes billions of cheap dollars among local importers to buy essential goods from overseas. Many of these importers are …

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IMF Says Iran’s GDP Will Decline By Six Percent In 2020

Radiofarda – In its most recent report on the world economy, the International Monetary Fund has said Iran’s Gross Domestic Product, GDP, will decline by about six percent in 2020. This would be the third consecutive annual decline of Iran’s GDP. In its report released on April 14, IMF put Iran’s GDP decline in 2019 at 7.6 percent and in …

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Iran Taxi Drivers Die Of Coronavirus, In Danger Of Losing More Income

Radiofarda – Nearly two dozens Iranian taxi drivers have died of COVID-2 and hundreds have been infected across the country, the Managing Director of Tehran Municipality’s Taxi Company, Morteza Zameni, said on Monday. Besides being in danger of contracting the virus and losing their lives, taxi drivers have taken a hit from the social distancing measures that have considerably reduced …

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Thousands Of Labor And Civic Activists In Iran Demand Renegotiation Over Wages

Radiofarda – Five thousand labor and civic activists in Iran have issued a statement demanding renegotiation over a minimum wage decision announced by the government on April 9. According to the law, a tripartite commission of government officials, employers and workers should negotiate the minimum wage for workers and laborers every year. This year, the government and employers agreed on …

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IMF Must Not Buy the Mullahs’ Coronavirus Lies

gatestoneinstitute.org – The U.S. Embassy wrote in a Facebook post: “The possessions of the current supreme leader Ali #Khamenei alone are estimated at $200 billion, while many people languish in poverty because of the dire economic situation in #Iran after 40 years of rule by the mullahs.” If the Iranian leaders are so concerned about the public health, why they …

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Iran’s coronavirus stimulus: too little, too late

Al-Monitor – Iran’s Supreme Leader Ayatollah Ali Khamenei permitted on April 6 the administration of President Hassan Rouhani to withdraw 1 billion euros ($1.1 billion) from Iran’s National Development Fund to address the negative economic impact of the coronavirus outbreak. The move comes after weeks of disbelief in the government’s circle and passivity in dealing with the economic impact of the pandemic. …

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Metalworkers Tell Rouhani Wage Earners Cannot Afford Necessities Amid Pandemic

Radiofarda – A group of metalworkers in Iran have written to President Hassan Rouhani saying they cannot afford items to protect themselves against the coronavirus “because thanks to you and governments before you we have become poorer everyday and our purchasing power has diminished”. The letter published by the labor news agency ILNA on April 12 says a multitude of …

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As Unemployment Soars In Iran No One Talks About One Billion Euros Taken From Reserves

Radiofarda – The Iranian administration’s spokesperson, Ali Rabiei, says the coronavirus outbreak has adversely affected the employment situation of 7.3 million Iranians. In a commentary he wrote for the semi-official news agency ISNA on Saturday April 11, Rabiei said that the outbreak has affected 3.3 million full-time employees and 4 million self-employed workers in Iran. The estimate is less than …

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Iranian Workers Get A ‘Humiliating’ Wage Increase

Radiofarda – After weeks of delays the Iranian government has offered workers a relatively small salary adjustment, which is half of the country’s 41 percent inflation rate. The government announced the minimum net monthly wage for the next 12 months to be a little more than 18 million rials. That sounds big, but according to the real, free market exchange …

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