Mahmoud Ahmadinejad: Iran's currency crisis due to psychological war | World news | The... - 0 views
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The Iranian president accused his conservative rivals of complicity in exacerbating the crisis over the rial, saying they had contributed to the situation by launching a propaganda campaign against him. The president pointed the finger at Ali Larijani, the parliament speaker, and criticised him for giving an interview in which Larijani said mismanagement accounted for 80% of the problems and the sanctions 20%, comparing government policy to "Robin Hoodian economics"."The respected head of parliament should come forward and help instead of giving interviews," Ahmedinejad said.The deputy speaker, Mohammad Reza Bahonar, echoed Larijani, saying on Tuesday that the government's only enemy was "illusion". At least one Iranian MP accused the government of manipulating the country's foreign currency reserves amid speculation that Ahmadinejad might be summoned for questioning.
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"The president has deliberately kept the market agitated," said Elias Naderan, of the parliamentary economics committee, according to the semi-official Mehr news agency. "I really don't know what Mr Ahmadinejad is thinking. What plan does he have, what is his expectation of the system, and how does he plan to manage this disorder?" Despite several attempts to calm the markets, the government has failed to bring the rial under control. It has lost at least 57% of its value in the past three months after US and EU sanctions targeting the regime's nuclear programme came into effect in July.On Monday the rial experienced its biggest devaluation in a single day, dropping more than 15%.
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On Tuesday, a senior official indicated that the government was relying on its security services to curb speculators, who are blamed for the rial's drop.
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