Families Of Four Political Prisoners Called In For Farewell Meeting
The families of four Kurdish political prisoners who face death sentences have been summoned to Evin Prison for a meeting, a sign of imminent execution.
The families of four Kurdish political prisoners who face death sentences have been summoned to Evin Prison for a meeting, a sign of imminent execution.
The Hengaw Human Rights Organization reported that Pejman Fatehi, Mohsen Mazloum, Mohammad (Hazhir) Faramarzi, and Vafa Azarbar are scheduled to meet their families at Evin, where they face imminent execution after receiving death sentences from Branch 26 of the Tehran Revolutionary Court.
Amnesty International earlier condemned their arbitrary detention since July 2022. The organization reported that the men were arrested by Iran's Ministry of Intelligence near Urmia, West Azarbaijan province, on July 20, 2022. State media later announced their arrest, accusing them of “espionage for Israel and plotting terrorist activities within the country.”
Footage aired on state television in October and December 2022 purportedly depicted the four men confessing to planning a bomb attack near the central city of Esfahan, allegedly under Israeli intelligence guidance.
The Islamic Republic, which has the highest rate of executions in the world after China, has executed 90 people just from December 22 to January 21.
In a recent revelation, UN experts disclosed that at least 834 people were executed in Iran in 2023, with eight of them linked to nationwide protests. The experts urgently called on the Iranian government to halt the surge of executions and undertake a comprehensive review of the use of the death penalty.
The rial fell to 562,000 against the US dollar on Saturday, as uncertainty grows about a military escalation in the region and Trump's successes in US Republican primaries.
UPDATE: The expected escalation happened quickly. Following the news on Sunday of an attack on a US base in Jordan where three US serviceman died, and President Joe Biden's threat of retaliation, the weakened rial fell further to 575,000 per dollar.
The Iranian currency has fallen about 13-fold since 2018, when then-president Trump pulled the United States out of the 2015 JCPOA nuclear deal and imposed sanctions on Iran’s oil exports and international banking.
Additionally, the price of the British pound and euro, which soared to record highs in Iran last Tuesday, experienced further escalation on Saturday. Each pound was traded for 714,200 rials, while each euro fetched approximately 610,000 rials in Tehran's free currency market, which despite some official exchange rates, reflects the real value of the rial against foreign currencies.
Amid the economic woes, Iran's leading economic newspaper Donya-e-Eqtesad has drawn attention to the potential ramifications of Trump's potential return to the White House, citing it as a factor contributing to the rise of foreign currencies and the price of gold. The paper also highlighted regional instabilities, particularly in the Red Sea, as factors fueling economic insecurity among Iranian investors. Last week, the devaluation of the rial intensified following Iran's ballistic missile strikes on targets in Iraq and Pakistan. Tensions were already heightened due to Iran-backed Houthis' assaults on commercial vessels in the Red Sea.
According to Donya-e-Eqtesad, market analysts attribute the rial’s freefall to various factors, including "increased cost of trade with Iraq," as well as the developments related to the US presidential elections.
However, state-run media in Iran claim that the rise in the foreign currency exchange rates is just a “bubble” created by those who seek to benefit from fluctuations in the market. Iran’s chief banker Mohammad-Reza Farzin claims that the country enjoys a “favorable foreign exchange reserves.” Farzin said last week that fluctuations in the market are transient.
Fars news agency, affiliated with Iran’s Revolutionary Guards, claims that the rial will bounce back in the coming days, speculating that rial’s will settle at about 520,000 per dollar.
Asr-e Iran, a moderate-conservative website, published an article arguing that the impact of the news about Trump’s victory on Iran’s currency market is trumpeted as a manipulation tactic aimed at creating a false psychological and media atmosphere and fostering speculative inflation in Iran.
Rejecting the assumption that Iran’s oil exports increased due to a lax enforcement of US sanctions under the Biden administration, Asr-e Iran said the real reasons behind the rise in oil revenues are the government's efforts to sell oil through unofficial channels and the recovery of the global energy market following the slump caused by the COVID-19 pandemic. It added that geopolitical repercussions of the Russian invasion of Ukraine and the OPEC+ decision, in collaboration between Russia and Saudi Arabia, to curb crude supply have also prevented market saturation and created opportunities for the sale of sanctioned oil, including the Iranian crude. A very significant factor is the willingness of small Chinese refineries, known as "teapots," to buy sanctioned oil at discounted rates, the article highlighted.
All in all, there is a rumor circulating in Iran that the government was trying its best – mainly through injecting foreign currency into the market -- to keep the wobbly rial stable until the re-election of Joe Biden, who is believed to have overlooked Iran's sanction-busting. However, the growing chance of Trump landing at the White House has dashed Tehran’s hopes for the steady flow of its oil exports.
Sajjad Bourbour, a senior economic pundit, told Centrist Aftab News that the Iranian currency market heavily depends on the prospects of Tehran mending relations with the West. He mentioned that despite the Central Bank’s injection of approximately 2 quadrillion rials (about $4 billion) into the market to prevent rial's fall, the currency is at its all-time low.
With an annual inflation rate of at least 50 percent, the diminishing value of the rial signals further inflationary pressures in the months ahead. Monthly wages for workers, averaging less than $200, exacerbate the challenges within an economy where inflation outpaces salary adjustments. Such economic strains have led to strikes and protests across various sectors, including oil and gas production platforms and refineries.
