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Syria-Lebanon-Iran
Ahmadinejad Summoned by MPs over Monetary Woes
2012-11-05
[An Nahar] Iran's parliament on Sunday summoned President Mahmoud Short Round Ahmadinejad for a grilling over his handling of last month's currency crisis which saw the rial plunge 40 percent against the dollar, state media said.

A total of 77 deputies in the 290-seat conservative-dominated parliament submitted a petition requiring Ahmadinejad to explain the "government's procrastination in managing the forex market," official IRNA news agency said.

According to the constitution, a petition demanding that the president come to the majlis, or parliament, to answer questions must be signed by a minimum of 74 deputies.

The president now has one month to appear before the deputies with his replies.

The petition submitted on Sunday says that rial fell from 22,000 to 40,000 against the dollar in the space of 20 days last month, "due to Central Bank inaction ... which caused inflation along with economic slowdown, disrupting the activities of the economic players."
Posted by:Fred

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