On Tuesday, the commander of the Islamic Revolutionary Guard Corps, Mohammad Ali Jafari, wrote a letter to Iranian President Hasan Rouhani that was subsequently published by Tasnim News Agency, a private company with strong ties to the IRGC. In the letter, Jafari criticized Rouhani for working harder on the campaign trail – and fighting his political enemies – than he was trying to solve the country’s economic problems, which are getting worse by the day. Inflation is spiraling out of control. Encouraging Rouhani to take undefined “revolutionary action” to rein in prices, Jafari also stressed that all of Iran must join in bringing relief to the most vulnerable segments of society.
The letter is the most ominous signal in what has been a difficult past few days for Iran. The black-market exchange rate for the Iranian rial to the dollar has fallen to 122,000, while the official rate has decreased to 44,000. The black-market rate is now more than double what it was in April,