Iranian parliament removes economy minister from office

Iranian parliament removes economy minister from office

TEHRAN-Reuters
Iranian parliament removes economy minister from office

The Iranian parliament voted on Aug. 26 to remove the minister of economic affairs and finance, Masoud Karbasian, from office, state media said, amid a sharp fall in the rial currency and a deterioration in the economic situation.

The move was the latest in a continuing shakeup of top economic personnel as the United States reimposes economic sanctions on Iran over its nuclear program and other issues.

In early August Iranian lawmakers voted out the minister of labor and last month President Hassan Rouhani replaced the head of the central bank.

A total of 137 members of parliament voted for Karbasian’s removal, state media said, while 121 members voted in favor of him remaining in office.

Protests linked to the tough economic situation in the country began last December, spreading to more than 80 cities and towns and resulting in 25 deaths.

Sporadic protests, led by truck drivers, farmers and merchants in Tehran’s bazaar, have continued regularly since then and have occasionally resulted in violent confrontations with security forces.

Iranian economy, Masoud Karbasian, rial