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

Ebola Death Toll Nears 5,000 as Virus Advances

West Africa bears heaviest burden; Mali toddler’s death raises new fears More

Jordan’s Role in Fighting IS Carries Domestic Risks

There are Western concerns Islamic State militants soon may unleash offensive in kingdom that could create upheaval - though nation has solid intel, grip on banking system More

Asian-Americans Enter Public Office in Record Numbers

A steady deepening engagement in local politics pays off for politicians like Chinese-American Judy Chu 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.
After Decades of Pressure, Luxembourg Drops Bank Secrecy Rulesi
X
October 21, 2014 12:20 AM
European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video After Decades of Pressure, Luxembourg Drops Bank Secrecy Rules

European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video Kobani Refugees Welcome, Turkey Criticizes, US Airdrop

Residents of Kobani in northern Syria have welcomed the airdrop of weapons, ammunition and medicine to Kurdish militia who are resisting the seizure of their city by Islamic State militants. The Turkish government, however, has criticized the operation. VOA’s Scott Bobb reports from southeastern Turkey, across the border from Kobani.
Video

Video China Political Meeting Seeks to Improve Rule of Law

China’s communist leaders will host a top level political meeting this week, called the Fourth Plenum, and for the first time in the party’s history, rule of law will be a key item on the agenda. Analysts and Chinese media reports say the meetings could see the approval of long-awaited measures aimed at giving courts more independence and include steps to enhance an already aggressive and high-reaching anti-corruption drive. VOA’s Bill Ide has more from Beijing.
Video

Video US ‘Death Cafes’ Put Focus on the Finale

In contemporary America, death usually is a topic to be avoided. But the growing “death café” movement encourages people to discuss their fears and desires about their final moments. VOA’s Jerome Socolovsky reports.
Video

Video Ebola Orphanage Opens in Sierra Leone

Sierra Leone's first Ebola orphanage has opened in the Kailahun district. Hundreds of children orphaned since the beginning of the Ebola outbreak face stigma and rejection with nobody to care for them. Adam Bailes reports for VOA about a new interim care center that's aimed at helping the growing number of children affected by Ebola.
Video

Video Young Nairobi Tech Innovator on 'Track' in Security Business

A 24-year-old technology innovator in Nairobi has invented a tracking device that monitors and secures cars. He has also come up with what he claims is the most robust audio-visual surveillance system yet. As Lenny Ruvaga reports from the Kenyan capital, his innovations are offering alternative security solutions.
Video

Video Latinas Converting to Islam for Identity, Structure

Latinos are one of the fastest growing groups in the Muslim religion. According to the Pew Research Center, about 6 percent of American Muslims are Latino. And a little more than half of new converts are female. VOA’s Carolyn Presutti travelled to Miami, Florida -- where two out of every three residents is Hispanic -- to learn more.
Video

Video Exclusive: American Joins Kurds' Anti-IS Fight

The United States and other Western nations have expressed alarm about their citizens joining Islamic State forces in Syria and Iraq. In a rare counterpoint to the phenomenon, an American has taken up arms with the militants' Syrian Kurdish opponents. Elizabeth Arrott has more in this exclusive profile by VOA Kurdish reporter Zana Omer in Ras al Ayn, Syria.
Video

Video South Korea Confronts Violence Within Military Ranks

Every able-bodied South Korean male between 18 and 35 must serve for 21 to 36 months in the country’s armed forces, depending upon the specific branch. For many, service is a rite of passage to manhood. But there are growing concerns that bullying and violence come along with the tradition. Reporter Jason Strother has more from Seoul.
Video

Video North Carolina Emerges as Key Election Battleground

U.S. congressional midterm elections will be held on November 4th and most political analysts give Republicans an excellent chance to win a majority in the U.S. Senate, which Democrats now control. So what are the issues driving voters in this congressional election year? VOA National Correspondent Jim Malone traveled to North Carolina, one of the most politically competitive states in the country, to find out.
Video

Video Comanche People Maintain Pride in Their Heritage

The Comanche (Indian nation) once were called the “Lords of the Plains,” with an empire that included half the land area of current day Texas, large parts of Oklahoma, New Mexico, Kansas and Colorado.The fierceness and battle prowess of these warriors on horseback delayed the settlement of most of West Texas for four decades. VOA’s Greg Flakus reports from Lawton, Oklahoma, that while their warrior days are over, the 15,000 members of the Comanche Nation remain a proud people.
Video

Video Turkey Campus Attacks Raise Islamic Radicalization Fears

Concerns are growing in Turkey of Islamic radicalization at some universities, after clashes between supporters of the jihadist group Islamic State (IS) or ISIS, and those opposed to the extremists. Pro-jihadist literature is on sale openly on the streets of Istanbul. Critics accuse the government of turning a blind eye to radicalism at home, while Kurds accuse the president of supporting IS - a charge strongly denied. Henry Ridgwell reports from London.

All About America

AppleAndroid