Iran struggling under reimposed sanctions, country’s leaders say

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Title : Iran struggling under reimposed sanctions, country’s leaders say
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TEHRAN, Iran — Iran’s Supreme Leader Ayatollah Ali Khamenei called the economic difficulties of Iranians the main and most urgent problem of the country Thursday, and the country’s president and top diplomat also used holiday messages to speak out against sanctions re-imposed by the US last year.

Iran has faced increased economic hardship in the last 12 months which was aggravated after US President Donald Trump withdrew from the 2015 nuclear deal between Iran and world powers last May.

The renewal of American sanctions, which had been eased in exchange for curbs on Tehran’s nuclear program, sent shockwaves through Iran’s economy.

“Specially in recent months the difficulties for people’s livelihoods has increased,” Khamenei said in a prerecorded message aired on state TV Thursday to mark the beginning of the new Iranian year, known as Nowruz.

“The economy is the country’s urgent problem, it’s the country’s (most) serious and primary problem,” he added, mentioning the devaluation of the national currency, the drop in purchasing power and the fall in production as symptoms of the issue.

Khamenei said increasing production was the key to saving the economy and declared “national production” the motto of the new year.

The IMF reported that the Iranian economy slumped into recession in 2018 and has forecast a 3.6 percent decline in GDP for 2019. READ MORE