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Iran: Minister of Labor admits to effect of sanctions on economy

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Iran: Minister of Labor admits to effect of sanctions on economy

“Tough economic sanctions have had a negative effect on the country’s employment market… trouble with providing raw material and intermediaries and lack of internal financial resources… will definitely affect the speed of growth and development of the country’s economy”, said the Iranian regime’s Minster of Labor, while admitting to the effect of sanctions, in a report by Khabar Online News Agency.
“According to economic theories, the rise in currency prices means increase of foreign commodity prices… the problem with domestic and foreign prices, which are caused by unrealistic currency prices, must be resolved and the true price of currency must be set in the markets.