Severe Drop In Value Of Iranian Currency From Western Sanction Alarms People

作者: The AsiaN Editor on 8 October , 2012.
类别: All, Photo

An Iranian man tries to sell carpets at the main entrance of the Tehran’s old main bazaar in downtown Tehran, Iran, Sunday, Oct. 7, 2012. Iran’s parliament on Sunday abandoned its planned impeachment of a Cabinet minister over the free-fall of the country’s currency, opting instead to look for more effective economic measures, like cutting spending. The aborted move to impeach the minister reflects unease over the severe drop in the value of the Iranian rial, mostly because of Western sanctions over Iran’s suspect nuclear program. On Sunday the parliament approved outlines of a bill to restrict the government’s use of different exchange rates for its foreign revenue and requiring the return of some funds to the treasury.