The rapid collapse of the stock market in Iran has sounded alarm bells for the government of President Hassan Rouhani and the religious tyranny of Supreme Leader Ali Khamenei. Continued protests by stock market losers for the third day in a row indicates the seriousness of the crisis. Although on Wednesday, January 20, Iranian state media tried to present a(more positive image of the stock market, the situation is worse than it can be concealed.
“The total stock market index, as the capital market index this week, fell below the psychological threshold of 1.2 million units,” wrote the state-run Mardom-Salari newspaper, affiliated to the so-called reformist faction, on January 20, 2021.
Two to three million people on the stock exchange lose their capital
Also, state-run newspaper Jahan Sanat on 20 January 2021 described the dangerous conditions of the stock market as follows: “Two to three million real small shareholders in the turbulent stock market also lost their capital. If we are content with two million and assume that the number of victims is a fact, riots and protests can occur.”
Thus, the state media acknowledges that between two and three million stockholders have lost their principal. The newspaper then suggests that they do not look for surprising and manipulated solutions to prevent an uprising. It insists that, as in other countries, the highest executive authority directly responsible should resign. In this way, it encourages Rouhani to resign without naming him.
No one responds to the protesters
Referring to the fate of financial funds that have been looted from people’s deposits and which sparked widespread protests across Iran, the newspaper wrote: Reach the ceiling as far as you can and return to the floor very quickly.
After the interactions, sales queues formed, led by legal entities. It is as if they knew that the expiration date of the stock exchange had arrived. So, we have to take the profit and the principle of capital and escape! These gatherings that are held are also out of desperation.
The hands of the victims are not tied anywhere. Capital has been smoked and no court is willing to file an indictment to cause and effect these conditions. “Those who planned for the big profits and make up for the deficits now seem to be sitting on the sidelines and ordinary people do not know what to do.”
A look at the protests of the losers of the Tehran Stock Exchange
The losers of the stock exchange continued their protest on Wednesday, January 20, 2021 in front of the Ministry of Economy and demanded the resignation of the Minister of Economy.
Protest by looted people in the stock exchange in Tehran – Monday, January 18, 2021
Protesters chanted: Death to this government that deceives the people.
