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The independent Persian channel stated in an exclusive investigative investigation, published by the Jerusalem Post, that “the Revolutionary Guard is manipulating the Central Bank of Iran and financing itself by buying foreign currency at reduced rates.”
Iran is coming under tremendous economic pressure from U.S. sanctions, and that pressure increased after the United States pulled out of the Iran nuclear deal in 2018.
A senior official in the Iranian banking system told the television channel, without mentioning his name, that the IRGC was posing as moneylenders to buy “tens of millions of dollars and euros” from exporters at black market prices, through a process called “blessing”.
The governor of the Central Bank of Iran, Abdel Nasser Hemmati, said that since March 15 billion dollars worth of currencies have been inflated and sold through the “blessings” system, according to the report.
The benefits it makes through this process are transferred to the Iranian Quds Force, which is responsible for Iran’s weapons in the region, such as Hezbollah and Hamas in the Gaza Strip.
Iranians report spending this money on foreign groups accused of terrorism, while citizens suffer the simplest necessities in life.
