Wednesday, July 23, 2014


Iran

Iran's Parliament Withdraws Presidential Summons Over Currency Crisis

Iranian President Mahmud Ahmadinejad was summoned to explain his government's "procrastination in managing" the economy.
Iranian President Mahmud Ahmadinejad was summoned to explain his government's "procrastination in managing" the economy.
Iran's parliament has called off plans to question President Mahmud Ahmadinejad over his handling of the country's crippling currency crisis.

The decision was announced on November 21 after Supreme Leader Ayatollah Ali Khamenei said the questioning would serve the interests of Iran's "enemies."

Khamenei has the final word over all state matters in the Islamic republic.

A petition submitted by 77 lawmakers in the 290-seat parliament earlier this month summoned Ahmadinejad to explain his government's "procrastination in managing" the economy.

Iran's economy has been hit hard by Western sanctions over the country's nuclear program.

Iran's national currency, the rial, has lost more than two-thirds of its value since September.

Based on reporting by Reuters and AFP

Most Popular