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Iranian lawmakers are firing on the Minister of Finance as economic problems increase



TEHRAN, Iran – The Iranian parliament decided on Sunday to fire the country's finance minister under an economic free fall triggered by America's withdrawal from the nuclear program with the world powers, which struck President Hassan Rohani's hard-fought government yet another blow [19659002] The dismissal of Masoud Karbasian will defeat the bleeding as the Iranian currency drops to new lows against the US dollar, while chronic high unemployment and inflation plague the country.

However, the growing recognition of Shiite theocracy in Iran shows 80 million that have been challenged for months by sporadic protests.

"Last year, since you became Minister, the People's Table has shrunk to the point of invisibility," said conservative legislator Hosseinali Hajideligani from Isfahan to Karbasian during the legislative hearing. "People's purchasing power has fallen by at least 50 percent, making people poorer every day."

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37 MPs in the 260-strong parliament voted against Karbasian, an Iranian economist who was arrested in August 2017 Re-election of Rohani became the country's finance minister. He replaced Ali Tayebnia, who served as Finance Minister for Rohani's entire first four-year term.

Karbasian tried to defend himself and said that America "has targeted our entire economy and social fortifications."

"America is blocking the country's commercial vessels to put pressure on people and create dissatisfaction," he told MPs. "They are after the meeting of the government and the ruling system, they should believe that we are in a total economic war."

But even reformist legislators, often supporting Rouhani, even a relatively moderate cleric within the Iranian government , attacked Karbasian.

"What have we done, what have we done to these people?" Asked the reformist legislator Elias Hazrati from Tehran at one point. "Why should people suffer from this situation? What is the fault of the people?"

Karbasian's dismissal follows after legislators dismissed Rohani's Labor Minister Ali Rabiei earlier this month. But while Rabiei served since the beginning of Rohani's tenure, Karbasian joined only a year ago, as the nuclear deal was increasingly precarious in the face of US President Donald Trump's ongoing criticism of the agreement

Iran's nuclear agreement with the world powers The Barack government Obama saw this as a limitation of uranium enrichment in exchange for the lifting of economic sanctions. This included replacing the country's aging fleet of civil aircraft.

But Trump's decision to withdraw from the agreement in May halted the billion dollar dealings Iran has with oil companies and aircraft manufacturers. US sanctions are starting to rise, Iran's crude oil is set to peak in November, which could further worsen the economy.

The Iranian economy has long been hampered by sanctions for its nuclear program, triggered by Western fears that Tehran could use it to build a nuclear weapon. Iran has long denied having ambitions to build nuclear bombs. Further sanctions date back to the Iranian Islamic Revolution of 1979 and the takeover of the US Embassy in Tehran, as the country gradually came into economic trouble over its devastating war against Iraq.

The uncertainty over the Iranian nuclear deal grew after Trump invaded the White House, Iran's already bloodless economy collapsed. The country's monthly inflation rate has once again reached double digits at 10.2 and the unemployment rate is 12.5 percent. It is even worse among young people, with about 25 percent job loss.

The Iranian rial has now fallen to $ 107,000 for one dollar. A year ago, it was between $ 33,000 and $ 1.

Given the political opportunity, Iran's hardliners have increasingly criticized Rohani and his government. However, protests against the country's economic situation have gotten out of hand in recent months. At the end of December and January, demonstrations spread across 75 cities in Iran, triggered by economic problems that later challenged the government directly. At least 25 people were killed and nearly 5,000 others arrested during these protests.

While sporadic protests continue, the authorities have tried to calm an angry public. Justice spokesman Gholamhossein Mohseni Ejehi said earlier this month that the authorities had recently arrested 45 people, including the deputy chief of the central bank, as part of a fight against financial fraud.

But public anger continues to move from America, Israel or any other country, "said banker Farhad Jaberi," This is the result of what we did ourselves. Unfortunately, those in power do not want to accept this fact.

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Associated Press authors Jon Gambrell in Dubai, United Arab Emirates, and Mohammad Nasiri in Tehran contributed to this report.

Copyright 2018 The Associated Press, All Rights Reserved, This material may not be published , sent, rewritten or redistributed.


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