March 2, 2025 Meet the Middle East

Iran lawmakers sack minister over economic woes

Iran's parliament sacked the country's finance minister on Sunday after impeaching him over soaring inflation and a plunging currency, state television reported.Economy and finance minister Abdolnaser Hemmati lost a vote of confidence, with 182 of 273 parliamentarians present backing his removal.On the black market on Sunday, the Iranian rial was trading at more than 920,000 to the US dollar, compared with less than 600,000 in mid-2024.
Source: Al Monitor
Full Article: Iran lawmakers sack minister over economic woes