During the past few days the value of Iran’s rial in the market hit a new record low, EuroNews reported. In just two days the rial fell 30% against the dollar, and these ups and downs have seriously impacted trade.
Ahmadinejad sees the root of this problem in internal and foreign issues. In his latest remarks he mentioned the embargo placed on oil and bank transactions as the foreign element, and “actions taken by some individuals” inside the country and the “propaganda and psychological war against the government” as the internal root of the problems.
This is while Majlis (parliament) speaker Ali Larijani in his interview with the state-run Fars news agency – affiliated to the Revolutionary Guards – blamed the government’s wrong policies, “Robin Hood-like methods in economics” and “lack of financial and currency discipline” as the causes of this crisis.
Anyhow, the ups and downs in the Bazaar have led to a significant decrease in trade and an inflation hike, placing the entire burden on ordinary people.