Iran

[Shahab3]

Majlis bans paying cash subsidies from oil revenues

TEHRAN, Oct. 21 (MNA) – Iranian MPs approved a bill on Sunday, according to which the administration will not be allowed to pay cash subsidies from revenues gained through selling foreign currency earned through exports of crude oil and gas condensates.

The MPs said that the administration no longer has the right to spend such sources of income for the purpose of paying cash subsidies, ISNA reported.
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Ahmadinejad must go to parliament to explain fluctuation in forex market

TEHRAN, Oct. 23 (MNA) – On Tuesday, MPs decided to summon Iranian President Mahmoud Ahmadinejad to parliament to answer questions about the disarray in the foreign currency market and the importation of wheat and cars.

The MPs who signed the petition to question the president said they were not convinced by the answers provided by the representatives of the president.
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After the questions are read out, the president has one month to appear in the parliament to answer them.

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