The Iranian parliament shall dismiss the Minister of Finance on the impact of the deterioration of the economy

On Sunday, the Iranian parliament dismissed the Minister of Economy and Finance, Abdel Nasser Hamti, against the backdrop of high inflation rates and the low value of the national currency, according to official television.
The minister lost the vote to block confidence in it in the Islamic Shura Council, with 182 parliamentary support for the memorandum out of 273 who attended the session designated for his dismissal.
Before voting on confidence, Masoud Bzshkian defended the deputies of my concern, who was the governor of the central bank. “We are in the midst of an economic war.”

Economic problems

He added: “The economic problems that our society is witnessing today is not related to one person and we cannot blame them for one person.”
Many deputies raised their voices, and took turns criticizing the minister angrily, holding it responsible for the dire economic situation.
For his part, Hamti stressed that “the biggest problem facing the economy is inflation, it is a chronic problem that affects the economy for years.”
In his speech to the deputies earlier, he stressed that “the exchange rate is not real and the price is due to inflationary expectations.”
According to the numbers of the World Bank, the inflation rate in Iran remained higher than 30% annually since 2019, and reached 44.5% by 2023, according to this institution, which is headquartered in Washington, and the rate of last year is unknown.
On the black market on Sunday, the Iranian riyal was traded by more than 920,000 against the US dollar, compared to less than 600,000 in mid -2024.