Iran has spiraled into serious financial, political and social problems following the reinstatement of the US sanctions. The country is holding meeting after meeting for a solution.

Administrators of Iran’s legislative, executive and judicial powers convened under the lead of Spiritual Leader Sayyid Ali Hosseini Khamenei.

KHAMANEI ADMITS TO THE CRISIS

The meeting lasted 2.5 hours and Khamenei said, “It requires extraordinary efforts to resolve the current financial issues in the country and to meet the people’s basic needs. These issues have left the lower earning citizens in a bind.”

Khamenei said the Economy Coordination Council members need to make determining decisions that will resolve issues to overcome the financial problems in the country: “You need to make serious and operational decisions to remove important financial issues like the banking system, liquidity, inflation and the budget process,” said Khamenei.

Khamenei advised the legislative, executive and judicial branches and the government in particular. He said: “Views and offered solutions by entrepreneurs in the private sector and respected economists should be assessed.

RESONS FOR THE CRISIS DIVIDED INTO TWO

Khamenei separated the economic issues into two: “domestic and structural problems with the country’s economy” and “problems arising from the US sanctions”. Khamenei said: “Both these chapters should be confronted and logical precautions should be taken when doing so. This should result in a permanent solution for the prosperity of the people and discourage enemies from issuing sanctions.