Iran's parliament impeached finance minister Abdolnasser Hemmati after the rial reached a record low of nearly one million to the US dollar. This decision follows concerns of mismanagement and rising inflation, which are attributed to economic conditions worsened by international sanctions after the US exited the 2015 nuclear deal. President Masoud Pezeshkian defended Hemmati, urging parliamentary unity against Western pressures, while lawmakers highlighted that the previous administration's budget deficits and geopolitical issues have compounded the crisis, prompting citizens to shift their savings to foreign currencies.
During the impeachment proceedings, Mohammad Qasim Osmani, a lawmaker supporting Hemmati, argued that rising inflation and exchange rates were not the fault of the current government or Parliament.
Pezeshkian, who defended Hemmati, emphasised that the government is locked in a tough battle with the West. He called for greater unity and cooperation from Parliament to face these challenges.
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