The Iranian parliament, Majlis, today voted 171 to 36 to investigate
the country's central bank over its response to last year's currency crisis.
The value of rial against the U.S. dollar plummeted in the last year as
sanctions against the Central Bank of Iran and limitations on Iran oil exports
started going into effect. The rial ended up losing more than half it value
against dollar in 2012.
Parliamentarians have accused the central bank of mishandling the
currency's decline, including accusations that it did not provide the market
with enough dollars to meet demand.
“There are many questions that need to be asked in order to uncover
the truth, because the responsibility of organizing the currency market is with
the central bank,” said Mohammad Alipour, spokesman for parliament's economic
committee. “One of the questions is what preventive measures this bank took to
organize the market and prevent (dollar) price jumps.” (ICANA/Reuters, 20
January)
The
investigation will also look into how the central bank manages Iran's money
market, sets interest and loan facility rates, and allocates currency for
imported goods, Alipour told Iran’s parliamentary news agency ICANA.
Photo:
Iranian national currency, the rial (ISNA)
1 comment:
It's no secret and very simple.The so called "parliamentarians" need look no further, and ask their boss of bosses in the mafia theocracy about all the failures of the Islamist regime.
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