Index Investing News
Tuesday, September 2, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Iran’s parliament fires minister of economic system over plummeting rial, mismanagement

by Index Investing News
March 2, 2025
in Financial
Reading Time: 2 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter


Iran’s parliament on Sunday impeached the nation’s economic system minister and voted to take away him from workplace, amid rising considerations over the crashing rial and accusations of mismanagement.

Parliament Speaker Mohammad Bagher Qalibaf introduced that 182 out of 273 lawmakers voted to dismiss Abdolnasser Hemmati, simply six months after President Masoud Pezeshkian’s authorities took workplace.

Pezeshkian, who defended Hemmati, emphasised that the federal government is locked in a tricky battle with the West. He known as for better unity and cooperation from Parliament to face these challenges.

The choice comes amid rising tensions over Iran’s nuclear program and worsening relations with the West. Iran’s economic system has been severely affected by worldwide sanctions, particularly after the U.S. withdrew from the 2015 nuclear deal. In 2015, the rial was value 32,000 to the greenback, however by the point Pezeshkian took workplace in July, it had plummeted to 584,000 to the greenback. Just lately, it dropped even additional, with alternate retailers in Tehran buying and selling 930,000 rials for every greenback.

Through the impeachment proceedings, Mohammad Qasim Osmani, a lawmaker supporting Hemmati, argued that rising inflation and alternate charges weren’t the fault of the present authorities or Parliament. He pointed to the finances deficit left by the earlier administration, which he stated contributed to the financial instability. Osmani additionally cited latest geopolitical occasions as elements that undermined public confidence, inflicting many individuals to transform their financial savings into overseas forex, which in flip additional devalued the rial.


Hemmati acknowledged the powerful financial local weather throughout his 5 months in workplace, together with a ten% discount in inflation. Nevertheless, he acknowledged that inflation remained excessive, standing at 35%. He assured lawmakers that his staff was working exhausting to handle the problem, however warned that the method would take time. This newest improvement is one other chapter in Iran’s ongoing political and financial struggles because the nation continues to navigate a fancy relationship with each its management and the worldwide group.



Source link

Tags: EconomyFiresIransMinistermismanagementparliamentplummetingrial
ShareTweetShareShare
Previous Post

Kaushik Das: Count on one other RBI charge reduce in assist of financial development

Next Post

Israel blocks help into Gaza in transfer Hamas calls ‘blackmail’ to power truce concessions

Related Posts

UK bars Israeli gov’t officers from DSEI protection exhibition

UK bars Israeli gov’t officers from DSEI protection exhibition

by Index Investing News
September 1, 2025
0

The British authorities has determined to limit the official participation of Israeli authorities and navy representatives on the DSEI...

Banks To Stay Closed For 15 Days, Test Full Checklist

Banks To Stay Closed For 15 Days, Test Full Checklist

by Index Investing News
September 1, 2025
0

Sept. 3 – Karma Puja vacation in JharkhandSept. 4 – First Onam vacation in KeralaSept. 5 – Id-E-Milad/Milad-un-Nabi or Id-e...

Modernise transport legal guidelines – The Hindu BusinessLine

Modernise transport legal guidelines – The Hindu BusinessLine

by Index Investing News
September 1, 2025
0

Digital invoice of lading can guarantee price effectivity, sustainability and transparency in international maritime commerce | Picture Credit score: Suphanat...

Artisan Small Cap Fund Bought Freshworks (FRSH) Attributable to Issues Over the Effectiveness of AI Transition

Artisan Small Cap Fund Bought Freshworks (FRSH) Attributable to Issues Over the Effectiveness of AI Transition

by Index Investing News
September 1, 2025
0

Artisan Companions, an funding administration firm, launched its “Artisan Small Cap Fund” second-quarter 2025 investor letter. A replica of the...

Who’s ”Miss Atomic Bomb”? Historian looked for 25 years for reply

Who’s ”Miss Atomic Bomb”? Historian looked for 25 years for reply

by Index Investing News
September 1, 2025
0

It wasn't going to be simple to trace down the lady who got here to be often called "Miss Atomic...

Next Post
Israel blocks help into Gaza in transfer Hamas calls ‘blackmail’ to power truce concessions

Israel blocks help into Gaza in transfer Hamas calls 'blackmail' to power truce concessions

How briskly will the ECB reduce rates of interest?

How briskly will the ECB reduce rates of interest?

RECOMMENDED

Threaded cage fight | Mint #AskBetterQuestions

Threaded cage fight | Mint #AskBetterQuestions

July 10, 2023
Crypto Lender BlockFi Files for Bankrupty Protection in the US

Crypto Lender BlockFi Files for Bankrupty Protection in the US

November 28, 2022
Davante Adams Commerce In all probability Gained’t Save New York Jets Season

Davante Adams Commerce In all probability Gained’t Save New York Jets Season

October 16, 2024
Biden threatens to finish what he’s started, but hasn’t he done enough?

Biden threatens to finish what he’s started, but hasn’t he done enough?

February 8, 2023
Cher Opens Up About Final Moments With Late Mom Georgia Holt

Cher Opens Up About Final Moments With Late Mom Georgia Holt

December 15, 2022
Iconic WWE duo spotted backstage with Saraya at AEW Revolution

Iconic WWE duo spotted backstage with Saraya at AEW Revolution

March 6, 2023
Pro-Business Movies – Econlib

Pro-Business Movies – Econlib

June 26, 2023
Indian Wells: Daniil Medvedev storms past Grigor Dimitrov as Casper Ruud and Tommy Paul also win | Tennis News

Indian Wells: Daniil Medvedev storms past Grigor Dimitrov as Casper Ruud and Tommy Paul also win | Tennis News

March 14, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In