Iran's economy minister impeached amid rising inflation, falling currency
Briefly

Abdolnaser Hemmati was impeached by Iran's parliament, with 182 lawmakers voting for his removal amid escalating economic troubles characterized by severe inflation and currency devaluation. The Iranian rial drastically fell from 32,000 to 930,000 per dollar, sparking public discontent over rising living costs. President Pezeshkian defended Hemmati, attributing the economic issues to broader systemic problems rather than individual failures. Hemmati acknowledged the severity of inflation, admitting a 35% rate, while also noting efforts to curb it. This impeachment indicates the growing divide within the political arena, particularly among conservative lawmakers.
President Masoud Pezeshkian defended the ousted minister, stating, 'We must take a war formation' to address the country's economic challenges, emphasizing collective responsibility.
During the impeachment, Hemmati called rising inflation a tough challenge, with a 10 percent reduction achieved, yet inflation still remains high at 35 percent.
Read at www.aljazeera.com
[
|
]