A member of the Iranian parliament’s budget committee Jahan Bakhsh warned on Tuesday that the country’s economy is “about to collapse.”
This came in a speech before the parliament today, according to reported by the Iranian Workers’ News Agency.
“The Iranian economy is collapsing, please be careful. We complain about the government of President Hassan Rowhani for not putting priority issues on the agenda of parliament,” Mohbeh Nia said.
Last week, President Rowhani sacked the governor of the central bank, Leila Saif, and replaced him with Abdel Nasser Hamati in an attempt to contain the parallel (black) currency market.
He pointed out that the exchange rate of one dollar reached 112 thousand riyals in the parallel market.
The fall of the local currency coincides with a sharp foreign exchange squeeze and the first US sanctions package will hit Tehran later this month.
The Iranian parliamentarian pointed to the existence of economic problems, especially unemployment and high prices, as well as health and environmental problems.
He stressed that the people facing such problems must be heard.Allianz, Amazon, Article 50, AUD, Australia, Bloomberg, Brent Oil, Brexit, Britain, Brussels, CAD, China, Copper, Crude Oil, Dinar Guru, Dinar Guru Chat, Dollar, Dong, Dow Jones, Euler Hermes, Euro, European Union, Exxon Mobil, Facebook, Federal Reserve, Forex Dinar Guru EU, France, GBP, Germany, Gold, Gold Prices, Instagram, Intesa Sanpaolo, Iraqi Dinar, Iraqi market, Japanese Yen, JPMorgan, London, Malaysia, Microsoft, Nasdaq, Nasdaq Composite, Natural Gas, New York, New York Mercantile Exchange, New York Stock Exchange, New Zealand, Nikkei, NYSE, NZD, Oil Prices, Palladium, Platinum, Pound Sterling, Russia, RWE, S&P, Silver, Singapore STOXX, Stock Market, Tokyo, Tokyo Stock Market Dinar Guru, Turkish Lira, Twitter, U.S. dollar, UK, UniCredit, United States, US, US dollar, US President Donald Trump, USA, USD, Vietnam, Vietnam news, Vietnamese Dong, Wall Street, Wells Fargo, ZIM, Zimbabwean Dollar, ZWD /