Iran’s Revolutionary Guard dominate the nation’s economy – this is a key reason behind the currency’s struggles

The Influence of Iran's Revolutionary Guard on the Economy

In Iran, only a select group has access to the country's official, government-controlled exchange rate, with networks tied to the Revolutionary Guard enjoying the greatest advantages. The Islamic Revolutionary Guard Corps (IRGC) holds significant sway over major sectors such as construction, energy, ports, and telecommunications, making it a dominant force in the nation's economy.

More than just a military organization, the IRGC operates as a parallel authority, driven by both revolutionary ideals and religious objectives. Established in the aftermath of the 1979 revolution, its mission is to safeguard the Islamic principles of the republic and extend its influence beyond Iran's borders. Over time, the IRGC's involvement in economic affairs has grown substantially, further entrenching its power.