Parliament Members Demand Raisi Government’s Accountability Over Sharp Increase in Currency and Coin Prices

IranGate
1 Min Read
Parliament Members Demand Raisi Government's Accountability Over Sharp Increase in Currency and Coin Prices

Parliament members demanded answers from Raisi’s government regarding the sharp increase in currency and coin prices.

Several members of the Islamic Consultative Assembly, strongly criticizing the currency policies of Ebrahim Raisi’s government and the recent new records in foreign currency prices, called for accountability from the thirteenth government on this matter.

Mohammad Bagher Ghalibaf, the Speaker of the Islamic Consultative Assembly, also emphasized the need to address the issue of rising exchange rates and called for a joint session between the parliament and the government on this topic.

Iran, especially in recent years, has faced a significant capital flight. Government institutions have not released last year’s statistics, but the Central Bank’s data shows that Iran experienced about 93 billion dollars in capital flight in the year 1401 (2022-2023).

The worsening of the country’s foreign trade balance has accelerated the decline in the value of the rial over the past few months.

Meanwhile, each US dollar, which had set a record of 65,500 tomans on Saturday, was traded at 64,450 tomans in the free market in Iran on Sunday, April 9th.

Share This Article
Every media institution, regardless of its origin or the doctrine it embraces, heralds the dawning of a new vista — a window that illuminates hidden recesses with the radiance of insight. It symbolizes the rich tapestry of perspectives that enable us to perceive and interpret our world. At the IranGate Analytical News Agency, our commitment is unwavering: to uphold the highest standards of journalistic integrity. We recognize and value the media literacy of our audience. We don't merely acknowledge it — we champion its growth, ensuring it thrives rather than diminishes. Our guiding principle resonates through every story we present: 'IranGate: Your Gateway to Enlightened Awareness.'