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Is the revolution of the hungry at the doorstep in Iran?

Iran's Mullahs
As the Iranian economy is hitting its lowest point in decades, with growing inflation, plummeting currency and worsening living conditions, the popular discontent has reached unprecedented levels.
People have been taking to the streets in anger, demanding radical changes in the country's internal and foreign policies. They demand the regime focus on the home front instead of the adventures beyond borders.
Experts, who cited multiple reports expecting an imminent and resounding fall of the regime in Iran, said millions of the Iranians will hit the streets with a single ultimate aim: getting rid of the regime for good.
In recent days, the Iranian currency went down 18 percent against the dollar, which is considered by many analysts a strong indication for the deterioration that the sanctions-hit and corruption-riddled country is seeing.
Things have gone worse in Iran since March 8, when the US president Donald Trump, who is adopting a hawkish policy against Mullahs, declared he is quitting the nuke pact, pledging he will slap more sanctions on the rogue regime which threatens regional security and stability by taking advantage of a nuke deal signed under his predecessor Barrack Obama.
The first package of the new US sanctions will be enforced on August 6. These developments have cracked the already ailing economy of the oil-rich nation.
For his part, member of the Planning and Budget Committee of the Iranian Parliament Jahnabkhsh lovers Nia said the Iranian economy is collapsing, calling on the government officials to be on the lookout as the dollar is rising against rial, hitting 110,000. In the beginning of the year, the dollar's exchange rate against the Iranian national currency was no more than 37,000 rials.
A semi-official Iranian news agency cited the economic expert Hassan Zaghfar as saying that the living conditions in the country is heading for worse, warning of 'a revolution of the hungry'.
"Our society is collapsing. Living conditions are worsening. And if this dilemma drags on, revolution of the hungry will happen inevitably," the expert said.
According to recent reports, the national currency's exchange rate plummeted to 120,000 rials against the US dollar. This has caused stalemate on the currency exchange market as the people fear fluctuations of the currency's prices.
On the parallel market, the US dollar is sold in exchange for 112,000 Tomans while the exchange rate set by the government did not exceed 44,070 per US dollar.  Last January, the government set 35,168 Tomans as the official exchange rate against the US dollar.
Since April, the Iranian currency has lost nearly half of its market value due to the deteriorating economy and the difficulties facing transactions across the local banks.
Asked about how far the US dollar could continue to rise against rial, economic expert Waheed Shaqaqi said the Iranian economy is not powerful enough to bear the dollar exceeding 100,000 rials. "If this happens, the purchase power will be impacted, leading the goods market to shut down."
The average minimum wage in Iran is 25 million rials. When the US dollar was as equal as 35,000 rials, the purchasing power was $ 600. Now, this purchasing power declined to $ 250 since the average of these wages did not see any changes.
 After the news of this deterioration broke, the Grand Bazaar in Tehran witnessed a major strike. Shop owners and traders called for the strike. Economic activists also partook in the protest.
They expressed anger at the current deteriorating economic situation. Central markets in the cities of Karj, Tabriz, al-Rai and others joined the strike.
Activists posted photos and videos online showing the police forces encircling the streets of the Grand Bazaar of Tehran. They were stationed there to forestall any attempts to get the protests to grow bigger.
The Iranian people are suffering from the woes of poverty as the regime is squandering the country's resources on military adventures beyond border. These battles are being waged on sectarian lines.
 The regime has clamped down on those who took to the streets for protest, arresting 29 people for 'stirring rumors about the economy' on the heels of the Toman plunge.
Those who are arrested, according to spokesman of the judiciary, are accused of spreading mischief on earth. They may face the gallows for speaking up against the deteriorated situation in the ironclad theocracy.
Citing the harsh repression of the protests, analyst said the regime is well aware it is in quagmire. And it seeks to end any unrest by heavy-handed and brutal means. But they said this will backfire, expecting an imminent fall of the regime whom they said has been ripping off the Iranian people for four decades.
Last Modified: Wednesday، 01 August 2018 05:46 AM