EconomyIran

Ahmadinejad Stresses Necessity for Controlling Currency Market

Iranian President Mahmoud Ahmadinejad expressed displeasure with the recent fluctuations of foreign currency rates in Iran, and ordered a newly-founded economic team in the government to control the currency market.

Ahmadinejad on Wednesday instructed his economic team to take necessary measures to prevent economic pressures on the public.

Addressing a cabinet session on Wednesday, President Ahmadinejad said the government’s economic team working to regulate goods and foreign exchange market should act in a way to prevent abusers from putting economic pressures on people.

He said the whole process of regulating goods and foreign exchange market should be under control.

Earlier this month, Ahmadinejad also blamed foreign and domestic factors for the fluctuation of foreign currency rates in Iran, and cautioned that enemies have waged a covert war on Iran’s economy with the battlefield stretched all throughout the world.

“Two factors have joined forces to exert pressure on the Iranian nation, one is foreign and the other is from inside,” Ahmadinejad said, speaking at a press conference here in Tehran early October.

He stated that the current foreign currency fluctuations are not related to economic problems, and said, “These fluctuations are due to animosity towards the (economic) policies of the government.”

Meantime he said that enemies of Iran have mobilized their possibilities to block Iran’s revenues and banking interactions, and noted, “In fact, this is a covert war and a very huge war stretched throughout the world.”

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