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Iran: Rouhani under pressure as Iran suffers from the impact of sanctions
Gaining control of inflation was one of the main achievements celebrated by President Hassan Rouhani’s team during his first term in office. But with the rial under acute pressures, and international trade once more becoming problematic, prices are now starting to rise strongly. Inflation reached 19.3% in the Iranian month of Mordad (23 July-22 August), according to recent Statistical Center of Iran data.Turmoil continues in the foreign exchange market, as the authorities struggle to find a way to cope with strong demand for hard currency amid tightening sanctions.
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