MEK: Another Stock Market Decline Triggers Protests in Iran
A report by the National Council of Resistance of Iran’s (NCRI), and the People’s Mojahedin Organization of Iran (PMOI / MEK Iran), states that ordinary Iranians have lost their assets once again as the Iranian stock market continues to decline.
Mullahs manipulating the market
Iranian President Hassan Rouhani and Supreme Leader Ali Khamenei have both urged the Iranian people to invest whatever little money they had spare in the stock market, but with another 22,000-point decline, the market is now standing at half of what it was last August.
Wealthy investors have managed to make profits regardless of the decline by manipulating the market with the help of regime officials.
This has led to small investors, the hard-working Iranian people protesting against regime corruption and manipulation of the stock market which has caused them to lose so much of their hard-earned wealth.
Chants heard during the protests were, ‘Death to Rouhani’ and ‘Death to this deceptive government’.
Corruption at a high level of the mullahs’ regime
The MEK said that corruption at a high level is not just restricted to the stock market. Sanat Khodro Azarbaijan (Azvico), a state-owned car-making enterprise, is facing a court hearing related to the alleged theft of millions of dollars from customers who paid in advance for MG360 cars which failed to materialize.
Protests Continue by Stock Market: #NCRI& (#PMOI/#MEK #Iran) reported that another steep decline in Tehran’s stock market, with the TEDPIX index dropping by another 22,000 points to stand at 1.15 million, almost half of its 2-million-point peak in August. https://t.co/pknCz6otJq pic.twitter.com/rpcMVfV5Ls
— MEK Iran (Mujahedin-e Khalq) (@MEK_Iran) February 8, 2021
Protest in Azarbaijan
Around 5,000 people have lost their money and have been protesting in front of the court building. The protesters are adamant that the company should return their cash, but the regime is backing the company and refusing to help the customers reclaim their prepayments.
The company is said to have told customers that orders cannot be canceled and blamed the missing cars on a shortage of parts. The claims by the company seem unfounded as two years ago, Azvico had access to 20 million dollars and had already manufactured 3,500 cars.
Protest in Kerman
According to the MEK, other protests have been taking place around the country. In Kerman province, more than 70 workers of the Baft Petrochemical Company have been demonstrating against their employers because of discrimination policies, the lack of access to incentive packages, and job security.
Protests Continue by Stock Market: #NCRI& (#PMOI/#MEK #Iran) reported that another steep decline in Tehran’s stock market, with the TEDPIX index dropping by another 22,000 points to stand at 1.15 million, almost half of its 2-million-point peak in August. https://t.co/pP2J4eazBq
— StopFundamentalism (@SFundamentalism) February 8, 2021
Protest in Tehran
They said they’ve been forced to sign agreements that violate their rights. While in Tehran, Kaveh Glass Industrial Group workers have been protesting against unfair dismissals, and unpaid wages, and retirement payments.
The MEK reported that the representative of the Supreme Labor Council, Mohammad Reza Tajik, has acknowledged that many workers in Iran are suffering from much poorer conditions than where apparent a few years ago.
He said: “The salary gap that has been caused in the past years is so immense that even if workers’ wages are increased by 100 percent, it won’t be filled.”
The MEK said that the distance between what the workers earn and what they have to pay out in expenses is very large. The average monthly salary is barely 27 million rials and even if that was doubled, it isn’t nearly enough to cover the expenses of the workers.
With the little wages they receive, they can only afford to live in tents, so owning a 40-to-50-meter apartment has become a dream to them.
The National Council of Resistance of Iran (#NCRI), and the People’s Mujahedin of Iran (#PMOI/#MEK #Iran) reported that ordinary Iranians have lost their assets again as the Iranian stock market continues to decline. https://t.co/gSc24CJWVS #WeStand4FreeIran pic.twitter.com/zXgAu24HNQ
— MEK Iran (Mujahedin-e Khalq) (@MEK_Iran) February 7, 2021