© Copyright Notification: This video is originally produced by IranTV on youtube (youtube.com/IranTV) and all rights are preserved for us. using our contents without permission results in our legal claim.
Two months and 28 days have passed since the official inauguration of "Ebrahim Raisi"; A government in which both the president and his two deputies put a lot of emphasis on the "stock market" in the election campaign.
From the day of the vote of confidence of the parliament to the chief cabinet until the 10th of Aban, the total index of Tehran Stock Exchange has fallen by 210 thousand units. The market value of the Tehran Stock Exchange has fallen by about one million billion tomans between the third of September and the ninth of November, and about one-sixth of the market value has been lost.
4 months and 17 days ago, three days before the elections, an intrusive boss went to the Tehran Stock Exchange to sit at the feet of the "losers" of the stock market. "The stock market issue is one of our serious concerns, and I believe that all solutions should lead to increasing the confidence of shareholders and the public so that they can fully trust the capital market," he said. He assured shareholders that his government was not seeking to compensate for the budget deficit from the capital market: "The stock market should not become a place to solve the country’s budget problems and compensate for government budget deficits; "Even without the necessary management."
In the June 28 elections in Kumrunq, he was not the only president to hold the flag of the stock exchange. The other candidates, especially those who took over the post of 13th president after the election, spoke enthusiastically about organizing the capital market.
Mohsen Rezaei, who became the economic vice president and secretary of the Supreme Coordination Council in the 13th government, repeatedly blamed the government for the loss of people in the stock market during the elections and spoke of compensating shareholders . Of course, he kept his word and still promised to "strengthen the stock market", but after riding the government horse, they spoke a little softer and called on shareholders to be " patient ".
" I will solve the stock market problem in three days ," promised Ehsan Ghazizadeh Hashemi, another candidate in the 1400 elections who was appointed by the president as vice president and head of the Martyr Foundation . Three days, which is easy, now three months have passed since the presence of Judge Hashemi at the highest levels of government, and the capital market situation has not only not improved, but is in the most fragile state since the great fall of August 2016.
Reasons for the collapse of the stock market
It has reached the point where even radio stations are talking about the deliberate collapse of the market to encourage investors to buy government bonds to make up for the budget deficit.
Ehsan Khandouzi, the economy minister in the main government, claims that government spending was covered in October without the issuance of "any new debt securities"; While statistics show that the sale of government bonds has jumped significantly since the inauguration of the head government.
According to official reports , the value of government bonds on the Tehran Stock Exchange and the OTC market in Iran in April this year was about 277 thousand billion tomans, which has increased to about 297 thousand billion tomans by the time the government is handed over to Ebrahim Raisi. In other words, during 5 months, the value of government bonds on the stock exchange and OTC has increased by about 20,000 billion tomans, but suddenly in September, the value of bonds increases by more than 35,000 billion tomans and the value of government bonds on the stock exchange and OTC increases to about 332 billion tomans. It reaches one thousand billion tomans.
A report on the value of government bonds has not yet been published in October, and it is not clear what the basis for Khandouzi’s claims is, but if we accept that the government did not issue new bonds in October, there are virtually no other two ways to offset the budget deficit. One is the withdrawal of central bank resources in any way possible and the other is market manipulation to increase the value of debt.
Where is the root of the problem?
It seems that the main root of Iran’s economic crisis, and in particular the stock market problem, is the government’s budget deficit. Ibrahim Ra’isi and his colleagues and supporters still insist that the budget deficit problem is rooted in the inefficiency of the Rouhani government, but have so far failed to provide a solution to the budget deficit in the absence of oil and oil revenues.
سقوط بورس و چالش های اقتصادی ابراهیم رئیسی و احتمالات جانشینی خامنه ای پس از مرگ رهبر جمهوری و یا جانشینی مجتبی خامنه ای