Iran's Economic Hotseat Claims Another Victim as Inflation Soars
Key Points
- Iran's economy minister was dismissed as the rial plummets a...
Money's not the only thing evaporating faster than a puddle in Tehran's summer heat - Iran's economy minister just got the boot too! Abdolnaser Hemmati bid farewell to his cushy government position after 182 lawmakers decided his economic wizardry wasn't quite magical enough.
From Riches to Rials: A Currency Conundrum
With the Iranian rial taking a nosedive from 600,000 to 950,000 against the US dollar under his watch, Hemmati's tenure reads like a financial horror story. Inflation's sitting pretty at 35%, making the upcoming Nowruz celebrations feel less festive for many Iranians' wallets....
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