Iran’s parliament impeached Finance Minister Abdolnasser Hemmati amid concerns over the rial’s severe devaluation and accusations of mishandling the economy. With 182 votes for removal, this decision highlights the ongoing economic crisis influenced by international sanctions and poor economic management. Hemmati, who recently noted a high inflation rate of 35%, faced challenges inherited from previous administrations, complicating the current economic landscape.
On March 2, 2025, Iran’s parliament impeached Finance Minister Abdolnasser Hemmati due to severe concerns regarding the devaluation of the rial and alleged mismanagement. The decision came with 182 out of 273 lawmakers voting for his removal, just six months into President Masoud Pezeshkian’s tenure. This event reflects ongoing economic hardships exacerbated by international sanctions, particularly after the U.S. exited the 2015 nuclear deal.
The rial’s devaluation is alarming; it fell from 32,000 rials to the dollar in 2015 to 930,000 rials recently. During the impeachment process, MP Mohammad Qasim Osmani defended Hemmati by attributing rising inflation and unfavorable exchange rates to issues inherited from the prior administration and external geopolitical factors. Osmani argued that these historical and situational challenges impeded public confidence in the economy.
Hemmati recognized the tough economic climate, noting a small inflation reduction of 10% but acknowledged persistently high inflation at 35%. He assured lawmakers that addressing these economic difficulties requires ongoing efforts and time. His defense drew attention to the complexities of managing an economy strained by significant internal and external pressures, particularly relating to international relations.
This impeachment marks a significant moment in Iran’s political landscape, showcasing the struggle between economic management and political accountability. The incident underscores the fragility of Iran’s economy and the need for collaboration between the government and parliament to navigate both domestic issues and international isolation.
Iran’s parliament’s decision to impeach Finance Minister Abdolnasser Hemmati highlights the critical economic challenges the country is facing, particularly the plummeting value of the rial due to sanctions and mismanagement. With inflation remaining high, the government must focus on unifying efforts to stabilize the economy amidst ongoing internal and external pressures. This event is part of a broader narrative regarding Iran’s struggles with international relations and economic resilience.
Original Source: apnews.com
