Press Digest

Date: 30 December 2016 - 21:39

News ID: ۳۵۰۳۱

New Hope in Aleppo

KAYHAN: National civil forces are busy clearing up the mess left behind by the U.S.-backed "moderate” terrorists in Aleppo, Syria. They are working round the clock to clear up this ominous American-Israeli legacy as quickly as possible. Officials say billions of dollars will be needed to rebuild the war-ravaged city. They say it would takes months for the city’s civilian infrastructure to stand on its feet again. However, they are all happy and grateful that the battle to liberate Aleppo has been won and that hope has finally returned to the devastated city.

The Dollar Fiasco

SIASAT ROOZ: The story of dollar goes on and the government is repeating the same past claims that it is collecting excess liquidity from the market by increasing the value of U.S. dollar. The government claims this is because of market expectations as well. It claims people view dollar as an asset with a rising future value. It also claims it is doing everything it can to bring the situation under control. This is never the case in other parts of the world.

The Real Fake News

TASNIM: The government claims the rate of inflation stands at around 7 percent which is fake news to the ears. For people with ordinary jobs and ordinary incomes the rate is 100 percent. They look at their pockets and they don't believe what their government says. Many are now retired but still have to work to make ends meet. That's the real rate of inflation.

New Bonds to the Rescue

HAMSHAHRI: The government plans to sell new bonds in the market to fix its current budget deficit. The capital market is gradually becoming a piggy bank for the government and its sky-rocketing debt and current expenditures. The practice has been going on for the past three years as the government has no financial resources and the Central Bank has no money. The government owes a lot to the banks and is also unable to pay for national development projects and plans.