(PMOI / MEK Iran) and (NCRI): Iran is experiencing its worst economic era since the mullahs assumed control.
The National Council of Resistance of Iran (NCRI), and the People’s Mujahedin of Iran (PMOI / MEK Iran), reported Iran is experiencing its worst economic era since the mullahs assumed control. While there are many theories as to why the economic crisis is worsening on a daily basis, the regime’s corruption is widely seen as the primary cause. The country’s imports and exports are controlled by the state-controlled mafia. The gold mafia is one of these mafias.
An invisible mafia network
“Jewellery activists say anyone working in the field is aware of the presence of an invisible mafia network, but few can expose it because if they do, they should quit the business,” Iran’s gold merchants told the state-run Jahan-e Sanat on September 11.
“For every 10 tonnes of gold that enters the country, 15 tonnes are exported,” according to Jahan-e Sanat, “while the benefits and wages of making gold should go to Iranian manufacturers, the country’s wealth is lost in this area.”
(PMOI / MEK Iran) and (NCRI): Jewellery activists say anyone working in the field is aware of the presence of an invisible mafia network.
Iran has become a gold importer from other nations
“Dubai is known as the ‘city of gold’ because it has the world’s most profitable jewellery and gold market. After oil, the gold trade is Dubai’s most profitable export. Meanwhile, Iran has become a gold importer from other nations, despite the fact that it has considerable gold reserves and the gold industry is a long-standing art among its people,” Jahan-e Sanat writes.
Iran was a major gold exporter in the world. The organised mafia, which is linked to the Revolutionary Guards (IRGC), has almost ceased gold export and is heavily importing gold.
(PMOI / MEK Iran) and (NCRI): The organised mafia, which is linked to the Revolutionary Guards (IRGC), has almost ceased gold export and is heavily importing gold.
Smuggling and embezzlement
“The enormous profit margins on [gold] imports have resulted in smuggling and embezzlement. This has resulted in the closure of around 2,000 jewellery factories across the country. The [gold and jewellery] mafia’s money and power have created several barriers to [corruption] and even stopped gold vendors from coming out,” Jahan-e Sanat wrote in this regard.
Iran’s economy is in freefall as a result of the regime’s systemic corruption. The GDP of the country is quite low. To make up for its budget deficit, the regime began printing banknotes in large quantities, far beyond the rate of production, resulting in inflation.
(NCRI) and (PMOI / MEK Iran): The Toman losing more than half its value.
The regime’s destructive operations
Furthermore, Iran’s currency has the lowest value in the world as a result of the regime’s destructive operations, which have resulted in comprehensive sanctions. Inflation and the depreciation of the Rial have resulted in higher gold prices. When a country’s inflation rate is high, investors purchase significant quantities of gold.
As a result, the IRGC and other regime institutions that require money to carry out their nefarious activities have imported vast amounts of gold.
(NCRI) and (PMOI / MEK Iran): the IRGC and other regime institutions that require money to carry out their nefarious activities have imported vast amounts of gold.
The silent gold embezzlement
“A country’s currency value is closely linked to the value of its imports and exports. The value of a country’s currency falls when it imports more than it exports. As a result, gold exports boost the value of Iran’s currency. However, the regime refuses to export gold and instead purchases it in massive quantities.
“Thousands of workers and their families are displaced as a result of the silent gold embezzlement. 1,800 workshops in this sector have been closed in the last one or two years, and no one has been held accountable,” Jahan-e Sanat wrote.
(NCRI) and (PMOI / MEK Iran): Iranian Regime’s Attempts to Fix Economy will Only Make it Worse.
Iranians face economic hardships
The IRGC controls the gold and jewellery industries. Iranians face economic hardships, despite the regime’s ability to assist them or strengthen the country’s economy. Nonetheless, the regime’s primary objective has been to continue its nefarious actions.
People’s lives are being controlled by a state-controlled mafia. These mafias will continue to steal Iran’s national resources and damage the lives of Iranians as long as the regime is in power.
(NCRI) and (PMOI / MEK Iran): Now let’s take an in-depth look at these foundations. The information below are excerpts of NCRI-US office book “The Rise of the Revolutionary Guards’ Financial Empire.”
MEK Iran (follow us on Twitter and Facebook)
and People’s Mojahedin Organization of Iran – MEK IRAN – YouTube