Source: Al Jazeera [Qatari state media]
“Iran’s economy minister has been impeached after parliament voted to dismiss him amid rising inflation and a falling currency. Abdolnaser Hemmati was removed from office after 182 of 273 lawmakers voted against him, conservative parliament Speaker Mohammad Bagher Ghalibaf announced on Sunday, just six months after moderate President Masoud Pezeshkian’s government took office. In 2015, the Iranian rial was worth 32,000 to the United States dollar, but by the time Pezeshkian took office in July, it had plummeted to about 600,000 to the dollar on the open market. With regional tensions escalating recently, it dropped even further, trading hands in Tehran’s exchange shops and on its streets for about 950,000 rials to the dollar.” (03/02/25)