BBCPERSIAN — broadcast
20261012 220000 UTC
247 transcript segments
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[00:00:00] million text messages inviting people to declare themselves are sent,
[00:00:03] and registration in the My Government system
[00:00:07] is only possible through the head of the household.
[00:00:10] For Mehr month, which will hopefully see an increase, it has not yet reached
[00:00:14] a conclusion. I think it will be around 500,000
[00:00:18] Tomans, but it is not yet certain. However, reports
[00:00:21] indicate a system disruption. Either the system does not open,
[00:00:25] or no code arrives, or citizens
[00:00:28] are confused about where to register their request.
[00:00:32] Some citizens also reported
[00:00:35] that after receiving an SMS about commodity eligibility,
[00:00:39] they were charged an amount when they went to follow up,
[00:00:42] and finally they were told they were not
[00:00:45] eligible. The fact that this money was taken for what services
[00:01:01] stores say that because the government has not paid them for the commodity
[00:01:05] coupons for several months, they no longer
[00:01:08] sell anything with commodity coupons. Sir, the customer
[00:01:12] just left, he made me angry and left. He ruined our business.
[00:01:15] He came and bought some liver and gizzards.
[00:01:19] He wanted to buy it for his wife and children for dinner. Then he told us
[00:01:23] to deduct it from the commodity coupon. We told him, sir, the commodity coupon money
[00:01:26] We have nearly 45 billion.
[00:01:33] We don't have any more to put into the commodity. He said, "Thank you very much." He was very upset
[00:01:36] and left.
[00:01:40] He made us sad. He means that the person doesn't have money.
[00:01:43] He doesn't have 200,000 Tomans to buy liver and gizzards
[00:01:47] for his wife and children. His hope was on these commodity coupons,
[00:01:51] but you are settling these commodity coupons with us like this. We also don't have it. You have made us ashamed in front of our customers.
[00:01:55] Some also say that for months,
[00:01:59] the money has been deposited with delay. The seller delivers
[00:02:03] This is something that the goods to the buyer at the current price, but when
[00:02:06] the money reaches him with a delay, prices have risen
[00:02:10] and the seller incurs the loss. In
[00:02:13] a situation where the wages of workers and lower income deciles
[00:02:17] of society do not match inflation and the rising cost
[00:02:20] of living, an increase of 500,000 Tomans for commodity
[00:02:24] coupons cannot solve the livelihood problems
[00:02:27] of households. On the other hand, the disruption
[00:02:31] of the registration system, the confusion
[00:02:33] of applicants,
[00:02:36] and delays in paying stores' demands have also challenged
[00:02:39] the implementation of this support plan.
[00:02:42] In such a situation, until the executive problems of commodity coupons are resolved
[00:02:46] and wages do not increase proportionally
[00:02:50] with inflation, this limited support cannot
[00:02:53] alleviate the heavy pressure of high prices
[00:02:56] on people. Maryam Afshang, BBC.
[00:03:28] The report, which is one of the important ones,
[00:03:41] announced that if we only consider
[00:03:44] the cost of this basket that has risen with inflation
[00:03:48] in this commodity coupon so that it is compensated,
[00:03:51] the amount should reach about 1.8
[00:03:55] million Tomans. This, of course, refers
[00:03:58] to a few months ago, and since then we have also had
[00:04:02] inflation. Now, in fact, after several months of meetings,
[00:04:05] six months of coming and going, the government
[00:04:09] held many meetings and it seems that it has been decided to add
[00:04:12] only 500,000 Tomans for those under the coverage
[00:04:16] of the Imam Khomeini Relief Committee and Welfare Organization.
[00:04:19] That is the amount that will be added, as far as I know.
[00:04:22] While, it can be said that a
[00:04:26] wide range of people, especially the lower
[00:04:28] deciles, can rely on this amount.
[00:04:32] And another interesting point is that this
[00:04:35] small amount that you also mentioned may not even
[00:04:39] reach the price of a yogurt or,
[00:04:41] for example, oil. The government has
[00:04:45] considered its credit through the exchange rate
[00:04:48] difference. This means that the government is benefiting
[00:04:51] from the increase in the dollar rate
[00:04:54] to provide resources for such a plan.
[00:04:58] Well, of course, these problems were evident from the beginning.
[00:05:02] At the beginning of the implementation of this plan, there were many criticisms.
[00:05:06] From the very beginning, in the budget
[00:05:08] tables, this commodity coupon's resources were estimated
[00:05:12] to be around 990 thousand billion Tomans.
[00:05:16] While the revenue that the government had identified from the difference
[00:05:20] in the exchange rate was around
[00:05:23] 540 thousand billion, which is a significant
[00:05:26] difference. This means that the government itself knew that with
[00:05:30] this, it would run out of budget and would be forced
[00:05:34] to create inflation again to compensate for this
[00:05:37] shortage. That is, this commodity coupon, which was supposed
[00:05:41] to compensate for the term, turned into something that
[00:05:45] worked against itself and is working against itself.
[00:05:48] Therefore, this plan created a continuous
[00:05:52] commitment for the government that, in fact,
[00:05:55] in the process of fulfilling this commitment, the government
[00:05:59] could not provide those resources, and from the beginning, as I said, these resources were not foreseen,
[00:06:03] and that is why we now see that in one year,
[00:06:06] food inflation has been approximately 130%,
[00:06:10] and now, in fact, for six months, they have been holding meetings
[00:06:14] to add 300,000 Tomans or 500,000 Tomans to this
[00:06:17] amount, which is also not certain in the end. You mentioned
[00:06:21] that the government wants to provide
[00:06:24] some of its commitments from the sale of currency.
[00:06:28] The effective rate, yes.
[00:06:31] On the other hand, we see many people
[00:06:34] who say that the rates are not like this, for example, they go up. The rate
[00:06:38] is not even like this that it doubles. Sometimes the rate triples and quadruples.
[00:06:42] One of the citizens said on social
[00:06:45] networks that the price is not going up, it is flying.
[00:06:49] Isn't this provision of currency
[00:06:51] in this way and the things you mentioned not
[00:06:55] the cause of this situation?
[00:06:57] Look,
[00:06:59] all these issues, including currency, including
[00:07:03] the rising prices of goods,
[00:07:06] we can say are a consequence of inflation,
[00:07:10] which is caused by
[00:07:13] the growth of monetary base and liquidity creation, and all these
[00:07:17] ultimately, if we want to say who is pushing this factor
[00:07:21] for the people, it is the government. It is the government
[00:07:24] that, in fact, with its destructive monetary policies,
[00:07:27] has caused this inflation, and all these are like a chain
[00:07:31] that are connected to each other, and ultimately the prices
[00:07:35] of goods go up. In general, I believe
[00:07:39] that schemes like commodity coupons and even, for example,
[00:07:42] the Tehran Municipality claiming it wants to offer
[00:07:46] certain goods at zero inflation
[00:07:50] for a period, all stem from the same
[00:07:53] governmental perspective, a mistaken logic,
[00:07:56] that they are approaching the market in a certain way, and it has always been present
[00:08:00] in Iran, that outlook, and that is
[00:08:03] that instead of curbing the root of inflation,
[00:08:07] regulating monetary activities, finding a solution
[00:08:10] to these structural problems, the government always resorts
[00:08:14] to fighting prices, and this whole situation
[00:08:18] that the government has created with schemes like commodity coupons
[00:08:21] is a result of this anti-market outlook that has always
[00:08:25] existed, and to a large extent, it can be said that it contains
[00:08:29] signs of populism. That is, a government that is itself
[00:08:32] devaluing its currency has also come
[00:08:36] and is telling people to come, I will give you money,
[00:08:40] you go and buy this kind of oil and this kind of rice
[00:08:44] that I have specified in these stores that I have specified.
[00:08:47] You can spend that credit. While the same government
[00:08:51] is causing inflation with its destructive activities in the money market,
[00:08:54] and no one can see this outwardly,
[00:08:58] and it is the same government that causes the value of that same commodity coupon to decrease
[00:09:02] again, and the same oil and rice
[00:09:05] that increase by a few percent at the end of the month, the reason for this is that the government
[00:09:09] has destructive monetary policies. If you look at the food
[00:09:12] markets in developed countries with healthy economies,
[00:09:16] there is as much fair competition as possible
[00:09:19] between stores. And it is interesting that if you look at large
[00:09:23] stores in Europe or America, for example, for a specific
[00:09:27] commodity like milk or coffee, the competition
[00:09:30] is about giving it a few cents cheaper. But in Iran, this issue
[00:09:34] of fair competition has never been recognized,
[00:09:37] and we see that it has had the opposite effect. That is, instead
[00:09:41] of competition being about who gives it cheaper,
[00:09:44] almost all producers are forced to increase
[00:09:47] prices at the end of the month. Therefore, my entire point is
[00:09:51] that this commodity coupon stems from
[00:09:54] an anti-market, coercive, and unrealistic view of the government
[00:09:58] regarding prices and the market. Ashkan Nazamabadi, economic journalist
[00:10:07] from the flight tracking website showing the sky of Saudi Arabia.
[00:10:10] Although the sky is witnessing
[00:10:14] many airplane flights, at
[00:10:18] least two airports have become closed or semi-closed.
[00:10:21] One of them is Riyadh Airport. We know that
[00:10:25] an hour ago, news came that loud explosions were heard in Riyadh,
[00:10:29] but the latest news indicates that the city
[00:10:33] of Riyadh was apparently targeted by Houthi ballistic missiles.
[00:10:37] These missiles, according to Saudi Arabian
[00:10:40] military sources, were all intercepted
[00:10:43] and no one was harmed. This is what Saudi Arabian
[00:10:47] military sources say and various news agencies,
[00:10:50] including Reuters, have quoted.
[00:10:53] Therefore,
[00:10:55] the situation in Riyadh, according to them, has returned to normal.
[00:10:59] But the circling flights
[00:11:02] in the sky of Saudi Arabia that wanted to reach Dammam
[00:11:06] airport are still visible. At least 3 flights are visible
[00:11:10] that are still circling in the sky, and one of them
[00:11:14] has been delayed for 5 hours and has been in the sky for hours. Anyway,
[00:11:18] let's see what will happen. Simultaneously
[00:11:21] with increasing tensions between Moscow and Kyiv, NATO
[00:11:25] has warned about a possible Russian attack on its members. On the other
[00:11:28] hand, the European Union has announced its largest sanctions package
[00:11:32] against the Kremlin's military industries. This is while
[00:11:35] the President of Ukraine says that despite the energy ceasefire
[00:11:39] agreement that Donald Trump had announced, Russian attacks on Ukraine's
[00:11:43] energy facilities have continued, and today
[00:11:46] six energy infrastructures in this country were targeted. Mahshid Hosseini reports.
[00:11:50] Last
[00:11:56] night, Kharkiv was again targeted by Russian attacks.
[00:12:00] Only
[00:12:05] 10 minutes had passed since they had promised not to attack energy facilities
[00:12:09] when we witnessed five attacks. My child and I saw that this
[00:12:12] missile hit power plant number 5 and we witnessed
[00:12:15] it burning. It's terrible. The President of the United States yesterday
[00:12:19] posted on the social network Truth Social: "As
[00:12:23] of this moment, an energy ceasefire between Russia and Ukraine
[00:12:27] has been established. Both sides have agreed
[00:12:30] not to violate it." The Kremlin declined to comment
[00:12:34] on the agreement. The President
[00:12:36] of Ukraine also said he was not aware of the agreement,
[00:12:40] but considered it an important step towards ending the war.
[00:12:43] Immediately
[00:12:48] after that post, Russia launched a targeted attack
[00:12:52] on a Kharkiv power plant which caused
[00:12:55] more damage to our energy infrastructure. It is clear that
[00:12:59] Putin does not read Truth Social.
[00:13:03] According to Volodymyr Zelenskyy, Russia today attacked
[00:13:07] six more energy facilities in Ukraine. Simultaneously
[00:13:10] with the escalation of military pressure on Kyiv,
[00:13:13] Moscow is facing a new wave of political pressure.
[00:13:17] In Luxembourg, the foreign ministers
[00:13:20] of the European Union announced sanctions against more than
[00:13:23] 1600 individuals and companies
[00:13:55] associated with the military industries of Russia.
[00:13:58] At the Warsaw Security Conference in Poland, the Supreme Commander
[00:14:02] of NATO in Europe also warned that if attacked,
[00:14:05] the military alliance is ready
[00:14:07] to enter the war tonight.
[00:14:11] If anyone is foolish enough to attack us, we will fight. We will prevent their attack
[00:14:15] and not allow them to achieve their goals. Whatever goal they may have.
[00:14:18] The increased pressure from Europeans on
[00:14:22] Russia has coincided with a decrease in pressure
[00:14:25] from the US. Donald Trump, whose main
[00:14:28] priority these days is the war with Iran and controlling energy
[00:14:31] prices, has announced the supply of Russian diesel
[00:14:35] to the American and global markets. A trade concession
[00:14:39] that Moscow has been deprived of since the beginning of the war.
[00:14:41] At the same time, Trump has called for a change
[00:14:45] in the Ukrainian president and accused him of squandering
[00:14:48] many opportunities to end the war.
[00:14:51] Winter is coming, and
[00:14:55] Ukraine is concerned about the intensification of Russian attacks
[00:14:58] on its energy infrastructure during the cold season,
[00:15:02] a trend that has been repeated every winter
[00:15:05] since Russia's invasion of Ukraine.
[00:15:08] Mahshid Hosseini, BBC.
[00:30:20] Headlines: Most
[00:30:23] incoming and outgoing flights to Saudi Arabia canceled
[00:30:26] as Houthi attacks continue. A number of major oil companies
[00:30:30] did not attend the Riyadh energy conference. He told us
[00:30:34] to deduct it from the commodity coupon. We told him, sir, the commodity coupon money
[00:30:37] has not been paid to us. A month has passed. We swiped cards for almost 45
[00:30:40] billion. He gave us 50 million. We don't have money anymore, we don't have capital anymore.
[00:30:44] The problem of lower income deciles in Iran
[00:30:48] in obtaining essential goods. According to media reports, the increased
[00:30:51] credit for commodity coupons will be deposited
[00:30:54] for 40 million people.
[00:30:56] The global economy in the midst of growth.