Mohsen Zanganeh, a member of the Budget and Planning Commission of the Parliament, stated: "The economic team of Mardakian has accepted that they do not have the ability to reduce inflation and control the currency, and they are only looking for food vouchers." He added: "Government officials believe that the currency price should increase in line with inflation, which means a growth of about 40 percent in the currency rate by the end of next year." He continued: "Moreover, the authors of the speeches and the advisory team of Mardakian believe that prices should be freed so that the market mechanism can play a regulatory role, and in return, food vouchers should be given to the impoverished people."
Member of the Budget and Planning Commission: The Government's Team Acknowledges Its Inability to Reduce Inflation and Control Currency
Mohsen Zanganeh criticized the government's economic team for acknowledging their inability to manage inflation and currency control, suggesting they are focusing on food vouchers instead. He highlighted the expectation of a significant increase in currency rates due to government policies. This situation raises concerns about economic stability and the impact on the impoverished population.
👥 Key Players
📰 What Happened
Mohsen Zanganeh criticized the Iranian government's economic team for admitting their inability to control inflation and currency rates, indicating a shift towards providing food vouchers for the impoverished. He warned of a potential 40% increase in currency rates due to current policies.
- The government acknowledges its limitations in managing inflation and currency control.
- There is an expectation of a significant increase in currency rates by the end of next year.
💡 Why It Matters
📚 Background
Iran has been facing severe economic challenges, including high inflation and currency devaluation, exacerbated by international sanctions and mismanagement. The reliance on food vouchers indicates a shift in focus from economic reform to immediate relief efforts.
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
Translation confidence: 85%