Iran lawmaker says old budget and currency policies no longer work

Gholamreza Tajgardoun, head of parliament’s Planning and Budget Committee, said Iran remains in conditions of economic war and can no longer continue with its previous budget, currency policies and economic framework.

Tajgardoun said the country had been in wartime conditions, had fought and was still at war, adding that reconstruction was now necessary and that the tools for managing the situation must be put in place.

He said continuing on the previous path would not meet the country’s current needs and that a shift in economic policy was necessary.