Iran’s Economic Woes Need Serious Decisions

Heads of Iran’s three branches of power –the president, parliament speaker and Judiciary chief- and members of the High Council of Economic Coordination held a meeting with Ayatollah Khamenei in Tehran on Wednesday evening.

In the meeting, the Leader urged the council to make decisive and effective decisions to address major economic problems, saying, “In order to resolve some of the key economic issues such as the problems of banking system, money supply, employment, inflation and budgeting process, you should make serious and operational decisions.”

Stressing the need for extraordinary and unwavering efforts to settle the existing economic crunches, Ayatollah Khamenei said the burden of high costs and diminishing purchasing power has fallen more heavily upon the vulnerable groups in society and affected their livelihood.

The economic troubles result either from the internal challenges and Iran’s economic structure or the US cruel sanctions, the Leader stated, calling on the decision-makers to adopt wise approaches to deal with both.

Ayatollah Khamenei then stressed that all Iranian authorities, the administration in particular, should welcome the ideas proposed by economists, private sector activists, the intelligentsia and the academic sector to address the economic woes.

“There is no dead end or insolvable problem in the country,” the Leader underscored, expressing confidence that God’s help, serious resolve of officials and people, employment of the potential of the youth and tapping into the country’s resources and capacities will definitely help Iran rise to the challenges.

Ayatollah Khamenei has on various occasions warned of a large-scale economic war the enemies have launched against the Islamic Republic, saying even the US rhetoric of military action on Iran is a ploy to distract attention from the economic war.

In 2014, the Leader sent a proclamation to heads of Iran’s branches of power and outlined general policies to boost the country’s economy and lower its vulnerabilities under a grand plan, dubbed Resistance Economy.

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