Sunday 21 January 2018

Iran may try to loosen Revolutionary Guard's grip on economy

Iran may try to loosen Revolutionary Guard's grip on economy:

"Iran’s supreme leader has ordered the Revolutionary Guard to loosen its hold on the economy, the country’s defense minister says, raising the possibility that the paramilitary organization might privatize some of its vast holdings. The comments this weekend by Defense Minister Gen. Amir Hatami appear to be a trial balloon to test the reaction of the idea, long pushed by Iran’s President Hassan Rouhani, a relative moderate. Protests over the country’s poor economy last month escalated into demonstrations directly challenging the government. But whether the Guard would agree remains unclear, as the organization is estimated to hold around a third of the country’s entire economy."



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