Iran’s parliament has abandoned its planned impeachment of a Cabinet minister over the free-fall of the country’s currency. Iran’s parliament speaker Ali Larijani Sunday stopped a debate on impeaching Sports and Culture Minister Mohammad Abbasi, saying some lawmakers withdrew “because of economic situation,” indicating that fixing the economy was more important than political moves. Ten lawmakers signed the original impeachment petition, the minimum number required. The aborted move to impeach the minister reflects unease over the severe drop in the currency’s value, mostly because of Western sanctions over Iran’s suspect nuclear program. Last week protests flared in Tehran, a rare public display of anger over economic conditions after the Iranian rial hit an all-time low of 35,500 to the dollar, dropping from 24,000 rials a few days earlier. Arab news
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor