{"id":10774,"date":"2018-06-25T03:43:50","date_gmt":"2018-06-25T07:43:50","guid":{"rendered":"https:\/\/www.irandemocratic.org\/public_html\/news\/?p=10774"},"modified":"2018-06-25T03:43:50","modified_gmt":"2018-06-25T07:43:50","slug":"iran-protest-gatherings-against-unprecedented-rise-in-currency-rate","status":"publish","type":"post","link":"https:\/\/www.irandemocratic.org\/public_html\/news\/10774\/","title":{"rendered":"Iran: Protest Gatherings Against Unprecedented Rise in Currency Rate"},"content":{"rendered":"<p>On June 24, Tehran witnessed protest gatherings against the unprecedented and disproportionate rise in the dollar&#8217;s rate.<\/p>\n<p>Protesters staged demonstrations at Charsotrahan bazaar and the Aladdin shopping center (Major Mobile Sales Center), as well as the Istanbul Crossroads and Ferdowsi street, south of Saadi street, the Republic\u00a0intersection.<\/p>\n<p>They were chanting: &#8220;Leave Syria, think about us,&#8221; and &#8220;Don&#8217;t be afraid, don&#8217;t be afraid, we are all together&#8221;, and &#8220;Strike will continue every day, and &#8220;Dollar&#8217;s rate is ten thousand Toman, we don&#8217;t want, we don&#8217;t want&#8221;.<\/p>\n<p>The protesters also called for a <a href=\"https:\/\/english.mojahedin.org\/i\/iran-tehran-store-owners-protest-skyrocketing-currency-prices\" target=\"_blank\" rel=\"noopener\">total strike<\/a> by chanting &#8220;strike, strike&#8221;.<\/p>\n<p><iframe loading=\"lazy\"  id=\"_ytid_14607\"  width=\"480\" height=\"270\"  data-origwidth=\"480\" data-origheight=\"270\" src=\"https:\/\/www.youtube.com\/embed\/oXt8Gt1sGHU?enablejsapi=1&#038;origin=https:\/\/www.irandemocratic.org&#038;autoplay=1&#038;cc_load_policy=0&#038;iv_load_policy=1&#038;loop=1&#038;playlist=oXt8Gt1sGHU&#038;modestbranding=1&#038;fs=1&#038;playsinline=0&#038;controls=1&#038;color=red&#038;cc_lang_pref=&#038;rel=0&#038;autohide=2&#038;hl=en_US&#038;theme=dark&#038;\" class=\"__youtube_prefs__  epyt-is-override  no-lazyload\" title=\"YouTube player\"  allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen data-no-lazy=\"1\" data-skipgform_ajax_framebjll=\"\"><\/iframe><\/p>\n<h5><b>Behind the scenes<\/b><\/h5>\n<p dir=\"LTR\">While currency rates and the price of gold are increasing at a very fast rate in Iran, resulting from the regime\u2019s economic turmoil after the U.S. pulled out of the Iran nuclear deal, the state-run Tasnim agency (affiliated to the Revolutionary Guards\u2019 Quds Force) cited an economy expert saying, \u201cWith this currency policy the government is only helping corrupt businessmen and smugglers, while the Vice President had pledged to prevent further smuggling.\u201d<\/p>\n<h5><b>Government behind currency smuggling market<\/b><\/h5>\n<p dir=\"LTR\">Hoshiyar Rostami, known as a so-called reformist economy expert, said in this piece, \u201cThe (Rouhani\u2019s) government is not managing the currency market. Instead, they have created an unofficial market involved in currency smuggling. There are also hidden deals among the exchangers. It may appear that they have closed down their shops and there are no official deals made. However, the customers can do their deals at higher prices in the cars\u00a0parked outside of the exchange stores and the exchange store representative receives the deal price through a P.O.S. device and delivers the currency. All this comes after [Vice President] Eshaq Jahangiri had pledged the government will prevent the currency smuggling rings.\u201d<\/p>\n<h5><b>Market inflation<\/b><\/h5>\n<p dir=\"LTR\">\u201cThere is no control over the currency market. The people, seeing the country\u2019s economic situation, are seeking to safeguard their assets. That is why they are rushing to the currency market, resulting in increasing demand,\u201d Rostami added, explaining how the status quo is due to the government\u2019s policies, or lack thereof.<\/p>\n<h5><b>U.S. exit impact<\/b><\/h5>\n<p dir=\"LTR\">Iran\u2019s economy and the currency market has been deeply impacted by the recent political development. Issues such as Iran possibly exiting the nuclear deal \u2013 officially known as the Joint Comprehensive Plan of Action (JCPOA) \u2013 and the Financial Action Task Force (FATF) agreement bear the potential of creating two poles in this country, consisting of those for and against these pacts resulting in a major rift.<\/p>\n<p dir=\"LTR\">The liquidity Iran\u2019s economy is experiencing would literally destroy any country. Furthermore, if people begin pulling their assets out of the regime\u2019s banks, the economy will literally collapse.<\/p>\n<p dir=\"LTR\">The Iranian regime needs unity at the time being and taking unified decisions, especially after the U.S. exited the JCPOA. Rest assured the Iranian regime will ever achieve this unity.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>On June 24, Tehran witnessed protest gatherings against the unprecedented and disproportionate rise in the dollar&#8217;s rate. Protesters staged demonstrations at Charsotrahan bazaar and the <a class=\"mh-excerpt-more\" href=\"https:\/\/www.irandemocratic.org\/public_html\/news\/10774\/\" title=\"Iran: Protest Gatherings Against Unprecedented Rise in Currency Rate\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":13,"featured_media":10775,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[433,39],"tags":[],"class_list":["post-10774","post","type-post","status-publish","format-standard","has-post-thumbnail","category-iran-protests-news","category-society-economy"],"_links":{"self":[{"href":"https:\/\/www.irandemocratic.org\/public_html\/news\/wp-json\/wp\/v2\/posts\/10774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irandemocratic.org\/public_html\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irandemocratic.org\/public_html\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irandemocratic.org\/public_html\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irandemocratic.org\/public_html\/news\/wp-json\/wp\/v2\/comments?post=10774"}],"version-history":[{"count":4,"href":"https:\/\/www.irandemocratic.org\/public_html\/news\/wp-json\/wp\/v2\/posts\/10774\/revisions"}],"predecessor-version":[{"id":10779,"href":"https:\/\/www.irandemocratic.org\/public_html\/news\/wp-json\/wp\/v2\/posts\/10774\/revisions\/10779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.irandemocratic.org\/public_html\/news\/wp-json\/wp\/v2\/media\/10775"}],"wp:attachment":[{"href":"https:\/\/www.irandemocratic.org\/public_html\/news\/wp-json\/wp\/v2\/media?parent=10774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irandemocratic.org\/public_html\/news\/wp-json\/wp\/v2\/categories?post=10774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irandemocratic.org\/public_html\/news\/wp-json\/wp\/v2\/tags?post=10774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}