728 x 90

Iranian MP admits to 6% negative economic growth, 40% inflation

Inflation is increasing in Iran at an alarming rate
Inflation is increasing in Iran at an alarming rate

Reported by PMOI/MEK


Iran, July 3, 2019 - Aziz Akbarian, chair of the Industrial Commission in the mullahs’ Majlis (parliament), rejected the economic statistics presented by Iranian regime President Hassan Rouhani.

“What is interpreted from the domestic and international statistics is that this year our economic growth is negative 6.5% and the inflation rate is 40%. Therefore, how on earth did Rouhani come up with these numbers and spoke of economic growth? We will face an economic depression by the end of this year," he said.

“Not only the government doesn’t supply manufacturers with currency. It also prevents them from finding these supplies,” Akbarian added.

“Various work regulations are issued to improve the working environment, but they add footnotes to these regulations that prevent the job from being executed,” Akbarian continued referring to the inefficiency of work regulations.

“Most of the problems in the manufacturing sector are due to the instability of governmental decisions,” Akbarian added.

While criticizing the Central Bank of Iran for stating its mission as controlling the currency exchange rate, Akabarian said, “This very policy caused the dollar's value to go from 30,000 rials to 130,000 rials and the process of increasing continues.”