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| Syria-Lebanon-Iran |
| Cleric: Iran economy mismanaged |
| 2008-06-10 |
| A senior Iranian cleric calls on top economic experts to take immediate action and avert the economic crisis experienced in the country. "I wish not to accuse anyone but economic mismanagement is plaguing our country; this problem must be resolved," said prominent Iranian religious leader Ayatollah Naser Makarem-Shirazi in Qom. He expressed concern about currently soaring consumer prices throughout the country and urged economic policymakers and officials to take prompt action to end the crisis 'people are experiencing'. Ayatollah Makarem-Shirazi singled out drought and the rise in global food prices as factors contributing to the price hike in Iran. Iran's annual inflation rate has risen to 25.3 percent. "There is economic mismanagement in the country and its elimination requires immediate action," he reiterated. The Central Bank of Iran announced this week that the country's inflation rate climbed to 25.3 percent in the twelve months that ended on May 20 (the last day of the Iranian calendar month of Ordibehesht). |
| Posted by:Fred |
| #1 Thats what got the Shah started on his way out of Iran. |
| Posted by: OldSpook 2008-06-10 10:11 |