Iranian First VP Apologizes to Iranians over Economic Problems

He made the remarks after a series of fluctuations in the value of the national currency rippled serious economic consequences in the recent months.

“I apologize to the honorable people for some problems and assure that the country’s management and, at the helm, the Eminent Leader are working day and night so that we can remove the problems before the country,” he said.

While 97% of imported goods are bought at fixed exchange rates offered by the government for the basic commodities and the rate on the secondary market, the psychological hype in the back market has led to some disruptions.

Manipulated by an alliance of the US, Saudi Arabia and the UAE, hoarders and charlatans are taking advantage of the time and increasing the price of commodities, Iranian officials say.

Jahangiri reassured that the government is fully aware of the conditions and difficulties faced by ordinary people.

“Part of these hardships is the result of US sanctions and pressures, but what’s important is that Iran has a lot of potentials and capacities, and in addition to these capacities, there is an enormous manpower in the country,” he added.

Back in mid-September the protection unit of Iran’s economy ministry announced in a report that the US state and treasury departments in collaboration with the CIA have put on agenda operations to stir chaos in Iran’s foreign currency market by inducing repeated shocks.