Iranian lawmakers sack finance minister

Published: August 26, 2018 16:59:03 | Updated: August 26, 2018 19:42:43


The Iranian parliament has removed economic affairs and finance minister Masoud Karbasian amid a sharp fall in local currency and a deterioration in the economic situation.

The house held a vote on Sunday to remove the minister from office, reports Reuters quoting state media.

The move was the latest in a continuing shakeup of top economic personnel as the United States re-imposes economic sanctions on Iran over its nuclear programme and other issues.

In early August Iranian lawmakers voted out the minister of labour and last month President Hassan Rouhani replaced the head of the central bank.

A total of 137 members of parliament voted for Karbasian’s removal, state media said, while 121 members voted in favour of him remaining in office.

Protests linked to the tough economic situation in the country began last December, spreading to more than 80 cities and towns and resulting in 25 deaths.

Sporadic protests, led by truck drivers, farmers and merchants in Tehran’s bazaar, have continued regularly since then and have occasionally resulted in violent confrontations with security forces.

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