Developments following the landmark nuclear deal struck between Tehran and world powers prove that hopes for the recovery of Iran’s economy in a post-JCPOA era is false placed.
The economic crisis riddling Iran is a byproduct of the corruption ingrained in the structure of the fundamentalist regime ruling the country and the very foundations it has been established on. And this isn’t something that is going to change as a result of an international treaty or an alteration of the country’s political lineup.
In fact, for average Iranians, the changes ensuing the signing of the nuclear deal leave a lot to desire. Testament to the fact is the increase of the country’s unemployment rate in 2016.
In an Oct. 8 op-ed published in a state-owned news website, Iranian economy expert Majid Salimi Boroujeni stipulates that in spite of the JCPOA, the expansion of financial corruption has revealed yet another facet of the country’s faltering economy, which is the insecurity felt by economic players and entrepreneurs in the private sector.
Foreign investors as well are being deterred from tapping into the Iranian market due to corruption, lack of transparency and poor transportation structure engulfing the country.