Iranian economy

Iran President Calls for Listening to Protesters’ Demands, Reflecting Deeper Power Dynamics

Following shopkeepers’ protests in Tehran over economic hardships, Iran’s president urged his government to address the protesters’ demands through dialogue. Demonstrations, including student protests, emerged due to the Iranian Rial’s decline and rising living costs. The protests, partially stemming from the dollar’s rise, demand government intervention to stabilize the exchange rate, leading to government responses such as a change in the Central Bank governor. The protests occur amidst a struggling economy, which is burdened by sanctions and high inflation rates, with the government already delivering a budget to parliament.

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Netanyahu Warns Iran: Another Attack Will Cripple Economy

In a direct video message addressed to the Iranian people, Prime Minister Benjamin Netanyahu warned that another attack on Israel would “cripple Iran’s economy,” citing that Iran’s recent missile attack in October cost Tehran $2.3 billion while causing only marginal damage to Israel. Netanyahu emphasized that this money could have been better spent on Iran’s domestic needs like transportation, education, and infrastructure.

Netanyahu painted a stark picture of what life could be like in Iran if the regime focused on the well-being of its people instead of military aggression. He urged Iranians to imagine a future where they could freely express themselves, have access to world-class education, advanced healthcare, and a thriving economy.… Continue reading