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Rouhani admits Iran facing toughest economic crisis

Rouhani admits Iran facing toughest economic crisis

Tehran: Blaming the United States for the crisis, Iranian President Hassan Rouhani admitted that Iran is facing its toughest economic situation in 40 years. He added that since the US renewed economic sanctions against Tehran last year, the country has witnessed its currency plummet, prices soar and growth forecasts fall.

Middle East Monitor with reference to the presidential website has quoted Rouhani as saying, “Today the country is facing the biggest pressure and economic sanctions in the past 40 years,” he added “Today our problems are primarily because of pressure from America and its followers. And the dutiful government and Islamic system should not be blamed.”

However, Rouhani expressed confidence that the US “would also fail in its economic war against Iran when faced with the Iranian people’s resistance”.

Iran’s economy has suffered after US sanctions. Incomes have fallen, inflation has peaked at over 35 per cent and costs of imported goods have risen.

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