Iran’s parliament on Sunday approved to replace the country’s finance minister, citing growing worries over the crash trial and mismanagement claims.
Just six months after the start of President Masoud Pezeshkian’s state, Parliament Speaker Mohammad Bagher Qalibaf announced that 182 out of 273 legislators voted to reject Abdolnasser Hemmati.
Pezeshkian, who defended Hemmati, emphasized that the state is engaged in a difficult conflict with the West. He demanded that Parliament work together and be more effective in these difficulties.
The choice comes as Iran’s nuclear program is in high tensions and international relations are getting worse. Iran’s economy has been seriously impacted by foreign restrictions, particularly after the U.S. withdrew from the 2015 nuclear deal. The lira was for 32, 000 to the money in 2015, but by the day Pezeshkian took office in July, it had fallen to 584, 000 to the penny. It decreased yet more just, with Tehran exchange outlets trading 930, 000 rubles for each buck.
Mohammad Qasim Osmani, a senator who backs Hemmati, claimed that the current state or Parliament was to blame for rising prices and exchange rates during the impeachment proceedings. He cited the preceding administration’s budget deficit, which he claimed contributed to the economic unrest. New political events, according to Osmani, were elements that negatively impacted public confidence, causing some people to convert their savings into international money, which in turn increased the rial’s devaluation.
Hemmati acknowledged the difficult economic environment during his first five months in office, which included a 10 % decrease in inflation. He did point out that inflation remained high, at 35 %, though. He assured legislators that his staff was working diligently to resolve the issue, but he cautioned that the process would take some time.
As Iran continues to explore a complicated relationship with the international community, this most recent development is yet another chapter in its continuing political and economic struggle.
