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Iranian legislators to investigate central bank over rial's fall
- Iran: Monday, January 21 - 2013 at 04:34
Iranian lawmakers have voted in favour of investigating the country's central bank over its response to last year's currency crisis, Reuters has reported. The value of the Iranian rial against the US dollar has plummeted in the last year, following sanctions on the central bank and a European Union embargo on Iranian oil, believed to have curtailed Tehran's hard currency earnings. "There are many questions that need to be asked in order to uncover the truth, because the responsibility of organising the currency market is with the central bank," said Mohammad Alipour, spokesman for parliament's economic committee. "One of the questions is what preventive measures this bank took to organise the market and prevent price jumps," said Alipour.
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