Oil and Gas

Iran’s Khamenei orders Rouhani to ‘explain lack of financial transparency’

Iran’s Supreme Leader Ayatollah Ali Khamenei ordered the country’s President Hassan Rouhani to present new reports that “clearly explain the government’s recent allocation of foreign currency and gold coins to companies and individuals.

According to the Iranian source Radio Farda, Khamenei said he was concerned about the ambiguities of the country’s resources.

The Iranian markets have recently been unstable. Recently, Rouhani allocated foreign currency to a number of companies subsidized at a lower rate of 42,000 rials per US dollar when the market rate was 90,000 rials.

Akbar Torkan, the presidential adviser, said that there were unusual profits from companies selling their imports at higher market rates.

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