The meaning and meaning of the loss of 200 billion dollars of sanctions
The economic damage of sanctions for Iranians has been 200 billion dollars.
President Hassan Rouhani said this yesterday on the sidelines of the opening of the Hashtgerd metro.
To understand the magnitude of this number, it is enough to say:
The forecast of income from oil sales for 2019 in the budget bill is 25 billion dollars
In this way, the economic damage of sanctions to Iran reaches a figure as large as about eight years of Iran’s oil income under sanctions.
In order to understand the magnitude of the sanctions damage and the pressure on Iran’s economy from this area, it is good to avoid looking at economic numbers.
1 The cost of setting up the largest cement factory in Fars last year was estimated at 400 million euros. With a Euro of 14 thousand tomans these days, the cost of setting up this large factory was approximately 5 thousand 600 billion tomans. This factory has created direct employment for 700 people.
With a dollar of 12 thousand tomans, the amount of this loss is 2400 thousand billion tomans. With this amount of damage, 428 large factories could be built in Iran.
2 The Ministry of Labor has announced the average cost of creating each job is 60 million Tomans.
Mohammad Shariatmadari, the Minister of Labor, has announced that currently around 2.5 million Iranians are unemployed and one million applicants enter the job market every year. The economic loss of the embargo is so great that not only could all unemployed Iranians have jobs, but with this huge figure we were able to create jobs for Iranians for 37 years.
3,700,000 billion Tomans of half-finished construction projects are left on the hands of the country, and the life of some of these projects reaches 20 years or even more. This issue was announced by Mohammad Reza Rezaie Kochi, the head of the Civil Commission and said: “60 thousand billion Tomans have been allocated in the 2019 budget to complete these projects. With this account, if we want to proceed with the same government budget, it will take at least 12 years to complete these projects, of course, provided that no new projects are added and the inflation rate is not included in the cost of the projects.” With the amount of economic damage, it is sanctioned to complete and deliver all the backlogged construction projects in only about 3.5 years.
4 According to Abbas Ghobadi, the deputy of internal trade of the Ministry of Industry, Mining and Trade, the turnover of food in Iran is about 100 billion dollars, of which only 10 billion dollars are imported. With this account, the value of the economic damage of the sanctions is equal to all the money that flows in the Iranian food market for two years, and in other words, it is equivalent to two years of Iranian food.
4 Iran’s health service system has a financial turnover of 163 thousand billion tomans, which according to the announcement of Hamid Pourasghari, deputy director of the program and budget organization, about half of Iran’s health expenses are related to households. With this calculation, if we consider the health cost of Iranian families around 80 thousand billion Tomans, the economic damage of sanctions is equivalent to 30 years of treatment costs for Iranian people.
These numbers actually show that the embargo on Iran and the isolation of the country
To what extent it has caused heavy damages to the country’s economy and the conditions of the country are not unlike a war situation.
In this context, it is good to know that the inflation rate of war-torn countries in the region, such as Afghanistan, Iraq and even Syria, is currently lower than that of Iran, and while Iran’s inflation rate has reached 40%, Afghanistan’s inflation rate is currently only about 1%, and Iraq’s inflation rate is 40%. . This is while Yemen’s inflation rate is 9.5%.
This post is written by Hassangh44