The Iranian rial hit a record low on Tuesday October 2, 2012, yet Iranian authorities appear confused and powerless face to this financial tsunami. Sanctions are being blamed for the national currency's drop to 34,500 rials against the United States dollar. Only a few days earlier, on Sunday, it was 29,500 rials to the dollar.
Iranian lawmakers have signed a petition to summon President Mahmoud Ahmadinejad to parliament for questioning over the rapid drop in value of the country’s currency.
Meanwhile, the president of Tehran's Chamber of Commerce, Industries, Mines and Agriculture, Yahya Al Eshagh, compared financial crisis to a war and said “a missile had hit currency square.” In turn, the Iranian president defended his government's economic policies, claiming the country's enemies were waging “psychological warfare” against Iran.
On Wednesday, October 3, Tehran's Bazaar went on strike as merchants and shopkeepers protested the free fall of the currency.
Ahmadinejad denied the rise of the dollar
Several netizens shared Ahmadineajd's interview from September 2012, calling predications that the dollar would rise to 30,000 rials, just an example of psychological warfare.
No comments:
Post a Comment