News / Middle East

Ahmadinejad Deflects Criticism as Rial Spirals

Iranian President Mahmoud Ahmadinejad (June 21, 2012 file photo)Iranian President Mahmoud Ahmadinejad (June 21, 2012 file photo)
x
Iranian President Mahmoud Ahmadinejad (June 21, 2012 file photo)
Iranian President Mahmoud Ahmadinejad (June 21, 2012 file photo)
As the Iranian rial continued to tumble to new lows on Tuesday, Iranian president Mahmoud Ahmadinejad attempted to deflect internal criticism that his policies are contributing to the decline.

During a press conference in Tehran, he blamed “psychological pressures” linked to Western sanctions and criticized other politicians who have said the collapse of the currency has been worsened by his economic policies.

Ahmadinejad directly named parliament speaker Ali Larijani who said 80 percent of Iran’s economic problems are a result of government mismanagement and only 20 percent because of sanctions. Western sanctions have severely restricted Iran’s ability to sell oil on the world market and limited its access to the international banking system.

"The speaker should help the government overcome the problem instead of accusing the administration," Ahmadinejad told reporters his first news conference since returning from the U.N. General Assembly.

Larijani is among the possible candidates for next June's presidential elections that will select Ahmadinejad's successor.

Other politicians have called for Ahmadinejad to appear before lawmakers to answer questions about the rial’s decline. According to the parliament’s website, one member, Mohammad Bayatian, claimed to have enough signatures to force Ahmadinejad to provide answers.

Bringing Ahmadinejad before the parliament would not be without precedent. Earlier this year, he was called before the 290-seat body to answer questions about his public feud with supreme leader Ayatollah Ali Khameni. 

In the press conference, Ahmadinejad referred to Western sanctions, saying they are part of a "heavy battle" that has succeeded in driving down oil exports "a bit," but he provided no data.

He also claimed Iran has enough hard currency to meet the country's needs.

The falling rial appears to indicate otherwise, as it hit a low of 35,000 rials to the dollar Tuesday. On Sunday, the rial traded at 29,500 to the dollar, and two years ago, it was about 10,000 to the dollar.

Alex Vatanka, a scholar at the Middle East Institute said it was interesting that the Iranian regime seems surprised by the effect of economic sanctions.

“The Iranian public has taken the sanctions seriously,” he said. “They have taken their money out of the banks, and I can tell you a lot of people have bought property and gold.”

Iranians started to react to Ahmadinejad’s public comments on social media from the beginning of the press conference, which was being broadcast live on Iran’s state television. Many users were critical of the government’s policies and expressed concern for the future.

Fakhri Mohtashamipour, the wife of a former deputy minister who is now in prison, wrote “I feel pity for the people of Iran.”


Mana Neyestani's cartoon about the fall of the Iranian rial has been widely circulated on social media.Mana Neyestani's cartoon about the fall of the Iranian rial has been widely circulated on social media.
x
Mana Neyestani's cartoon about the fall of the Iranian rial has been widely circulated on social media.
Mana Neyestani's cartoon about the fall of the Iranian rial has been widely circulated on social media.
Some users mocked the Iranian president calling the conference “stand up comedy” while others expressed concern over the amount of finger pointing.

The currency situation has gotten so bad that one Iranian from Qom told VOA that when they were trying to buy an external hard drive, the shopkeeper insisted on payment in dollars.

Qom is home to Iran’s religious leaders and is widely viewed as a city somewhat insulated from wider economic problems.

“Clearly the dollar is in short supply,” said Vatanka. “It might start with a hard drive, but perhaps someday medicine could be sold for dollars.  We’ve really walked into a whole new phase in this [nuclear] standoff.”

Some information for this report was provided by AP.

You May Like

Will Cuba Follow the Southeast Asia Model?

Decision to restore ties between US and Cuba has some debating whether it will lead to an enhancement or regression of democracy on the Communist island nation More

Kenyan Designer Finds Her Niche in Fashion Industry

‘Made in China’ fabrics underlie her success More

Report: CIA, Israel's Mossad Killed Senior Hezbollah Commander

The Washington Post story says Imad Mughniyah was killed instantly by a bomb "triggered remotely" from Tel Aviv by Mossad agents More

This forum has been closed.
Comment Sorting
Comments
     
by: carole douaire from: Ontario Canada
October 25, 2012 1:32 AM
If Iran government would just let the inspectors in, things would be fine. What are they afraid of? What are they trying to hide? Why are they risking the well being of their citizens.. This is not a game! If the government has nothing to hide and what they are doing is legitimate, they should not risk the lives of their people...PEOPLE OF IRAN~~~~Your leaders are lunitics and care nothing about you. As a natural born Canadian who is allowed to read news from every country, and watch anything I choose to watch on TV and Cable, I am very worried for my friends in Iran...

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Jefferson's Library Continues to Impress, 200 Years Lateri
X
Deborah Block
January 31, 2015 12:12 AM
Two hundred years after the U.S. Congress purchased a huge collection of books belonging to former President Thomas Jefferson, it remains one of America’s greatest literal treasures and has become the centerpiece of Washington’s Library of Congress. VOA’s Deborah Block reports.
Video

Video Jefferson's Library Continues to Impress, 200 Years Later

Two hundred years after the U.S. Congress purchased a huge collection of books belonging to former President Thomas Jefferson, it remains one of America’s greatest literal treasures and has become the centerpiece of Washington’s Library of Congress. VOA’s Deborah Block reports.
Video

Video Egypt's Suez Canal Dreams Tempered by Continued Unrest

Egypt plans to expand the Suez Canal, raising hopes that the end of its economic crisis may be in sight. But some analysts say they expect the project may cost too much and take too long to make life better for everyday Egyptians. VOA's Heather Murdock reports.
Video

Video Threat of Creeping Lava Has Hawaiians on Edge

Residents of the small town of Pahoa on the Big Island of Hawaii face an advancing threat from the Kilauea volcano. Local residents are keeping a watchful eye on creeping lava. Mike O’Sullivan reports.
Video

Video Pro-Kremlin Youth Group Creatively Promotes 'Patriotic' Propaganda

As Russia's President Vladimir Putin faces international pressure over Ukraine and a failing economy, unofficial domestic groups are rallying to his support. One such youth organization, CET, or Network, uses creative multimedia to appeal to Russia's urban youth with patriotic propaganda. VOA's Daniel Schearf reports.
Video

Video Filmmakers Produce Hand-Painted Documentary on Van Gogh

The troubled life of the famous 19th century Dutch painter Vincent van Gogh has been told through many books and films, but never in the way a group of filmmakers now intends to do. "Loving Vincent " will be the first ever feature-length film made of animated hand-painted images, done in the style of the late artist. VOA’s George Putic reports.
Video

Video Issues or Ethnicity? Question Divides Nigeria

As Nigeria goes to the polls next month, many expect the two top presidential contenders to gain much of their support from constituencies organized along ethnic or religious lines. But are faith and regional blocs really what political power in Nigeria is about? Chris Stein reports.
Video

Video Rock-Consuming Organisms Alter Views of Life Processes

Scientists thought they knew much about how life works, until a discovery more than two decades ago challenged conventional beliefs. Scientists found that there are organisms that breathe rocks. And it is only recently that the scientific community is accepting that there are organisms that could get energy out of rocks. Correspondent Elizabeth Lee reports.
Video

Video Paris Attacks Highlight Global Weapons Black Market

As law enforcement officials piece together how the Paris and Belgian terror cells carried out their recent attacks, questions are being asked about how they obtained military grade assault weapons - which are illegal in the European Union. As VOA's Jeff Swicord reports, experts say there is a very active worldwide black market for these weapons, and criminals and terrorists are buying.
Video

Video Activists Accuse China of Targeting Religious Freedom

The U.S.-based Chinese religious rights group ChinaAid says 2014 was the worst year for religious freedom in China since the end of the Cultural Revolution. As Ye Fan reports, activists say Beijing has been tightening religious controls ever since Chinese leader Xi Jinping came to office. Hu Wei narrates.
Video

Video Theologians Cast Doubt on Morality of Drone Strikes

In 2006, stirred by photos of U.S. soldiers mistreating Iraqi prisoners, a group of American faith leaders and academics launched the National Religious Campaign Against Torture. It played an important role in getting Congress to investigate, and the president to ban, torture. VOA's Jerome Socolovsky reports.
Video

Video Former Sudan 'Lost Boy' Becomes Chess Master in NYC

In the mid-1980’s, thousands of Sudanese boys escaped the country's civil war by walking for weeks, then months and finally for more than a year, up to 1,500 kilometers across three countries. The so-called Lost Boys of the Sudan had little time for games. But one of them later mastered the game of chess, and now teaches it to children in the New York area. VOA’s Bernard Shusman in New York has his story.
Video

Video NASA Monitors Earth’s Vital Signs From Space

The U.S. space agency, NASA, is wrapping up its busiest 12-month period in more than a decade, with three missions launched in 2014 and two this month, one in early January and the fifth scheduled for January 29. As VOA’s Rosanne Skirble reports, the instruments being lifted into orbit are focused on Earth’s vital life support systems and how they are responding to a warmer planet.

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More

All About America

AppleAndroid