In a
highly unusual move, four senior members of President Rouhani’s cabinet have
written a letter to the Iranian president expressing deep concerns over
continued economic recession and the risks of an upcoming economic crisis in
the country. Ali Taeb-Nia, Minister of Economy and Finance; Ali Rabii, Minister
of Labor; Mohammad Reza Nemat-Zadeh, Minister of Industries; and Gen. Hossein
Dehqan, Minister of Defense, signed the letter, which was reported by the
Iranian news agencies Mehr and ILNA on Sunday.
In the letter, dated 9 September 2015, the ministers point to the near meltdown of Tehran Stock Exchange (TSE),
writing that TSE has lost 42 percent of its value since January 2013, with
major publicly-traded companies losing some $55 billion of their values. The
ministers also point to falling oil prices and other minerals. They warn that
if the government does not take immediate actions, the Iranian economy could soon
face a crisis, which would take years to come out of it.
Photo credit: The photos of the four ministers signing the letter highly critical of the state of the Iranian economy. From left: Ali Rabii, Minister of Labor; Gen. Hossein Dehqan, Minister of Defense; Mohammad-Reza Nemat-Zadeh, Minister of Industries, and Ali Taeb-Nia, Minister of Economy. (asemandailynews)
Photo credit: The photos of the four ministers signing the letter highly critical of the state of the Iranian economy. From left: Ali Rabii, Minister of Labor; Gen. Hossein Dehqan, Minister of Defense; Mohammad-Reza Nemat-Zadeh, Minister of Industries, and Ali Taeb-Nia, Minister of Economy. (asemandailynews)








