Ghalibaf explicitly called for state-run economic conglomerates to decrease their involvement in the economy on February 22, correctly diagnosing that these entities have impeded economic efficiency. Ghalibaf may be additionally clashing with IRGC leadership over the role of parastatal organizations in the economy.
Retired workers gathered in Esfahan and chanted “the betrays, Parliament supports.” CTP has not previously observed such chants among protesters. Regime actors close to Parliament may have organized protests or at least chants against the Raisi administration on February 26 as well. Ghalibaf has regularly warned that the regime must reform to address popular grievances and indicated that he lacks faith in Raisi to resolve these issues in recent months. Ghalibaf stated on February 27 that Parliament predicted the current crisis weeks ago and made policy recommendations to Raisi that he did not implement. Parliament Speaker Mohammad Bagher Ghalibaf and IRGC-affiliated outlets have contrastingly blamed the Raisi administration in recent days for the poor performance of the economy.
President Ebrahim Raisi emphasized the role of foreign enemies in driving the worsening currency crisis and lauded the economic performance of his administration on February 27.
#Audio blocks week rial how to
ĭifferent regime power centers are arguing with one another over how to address economic issues and trying to deflect blame away from themselves. These economically motivated protests may nevertheless add momentum to and build on the Mahsa Amini movement, as CTP previously suggested. The economic nature of these protests diverges slightly from the rest of the Mahsa Amini movement, which focused primarily (but not exclusively) on socio-cultural and political grievances. CTP previously reported that the rial fell to 500,000 for one dollar on February 21. The rial fell to a record low on February 26, valuing at around 600,000 to the US dollar. Costs of goods and services have risen over 53 percent since February 2022, and the Iranian rial continues to depreciate dramatically. CTP has recorded an uptick in demonstrations in recent weeks, most of which have focused on the worsening economic conditions in Iran. Protest activity in Iran is rising and returning to levels not seen since the end of 2022. An Iranian parliamentarian characterized Raisi’s economic strategy as “emotional-not a plan based on science and decisive decisions” on February 28, echoing previous criticisms of Raisi’s cabinet in recent days. The value of the Iranian rial appreciated slightly to 556,500 against the US dollar on February 28-an improvement from a record low of roughly 600,000 on February 26-following the reported intervention of the Central Bank of Iran to stabilize the currency, although the Raisi administration has not yet articulated a clear policy to meaningfully improve the economy. The extent and scale of these demonstrations supports CTP’s previous assessment that protest activity in Iran is rising and returning to levels not seen since the end of 2022, and economic frustrations are driving much of this unrest. The regime is continuing to victimize its people with a range of different problems, stoking anti-regime frustration across many different demographics.ĬTP recorded 20 protests across 14 provinces on February 28, 18 of which focused on Iran’s deteriorating economic conditions. The regime is facing several concurrent crises over its mishandling of economic, ecological, and security issues. Regime incompetence and mismanagement is driving further protest activity and popular frustration toward the regime and may unite citizens with disparate grievances. CTP and ISW began publishing daily updates in September 2022 covering key events related to supreme leader succession, the Mahsa Amini protests, and regional developments. Full list of Iran Updates are available here. This page collects the Iran Updates produced by the Critical Threats Project (CTP) at the American Enterprise Institute with support from the Institute for the Study of War (ISW) for February 2023.
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