Iran's Supreme Leader Ayatollah Ali Khamenei today called on the government to adopt an “economy of resistance.”
"The arrogant powers are pulling their weight to force Iran to back down and the government should invalidate these illusions by using the nation's full potentials," Ayatollah Khamenei said. "In this kind of economy (of resistance) the nation's progress is preserved and vulnerability of the economy against the enemies plots is decreased." (IRNA/AFP)
Khamenei made the comments during a meeting with President Ahmadinejad and his cabinet members.
A slew of Western sanctions have slowed Iran’s industrial activity, reduced foreign investment, soared inflation and led to a shortage of foreign currency. An oil embargo has also reduced the country’s oil exports by nearly 50 percent and cutting its oil production to the lowest level in more than 20 years.
Photo Credit: Ayatollah Ali Khamenei addressing senior officials. Tehran, 23 August 2012. (IRNA)