Iran’s parliament fires minister of finance over plummeting rial, mismanagement

(2 Mar 2025)
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Tehran, Iran – 2 March 2025
1. Wide of Iranian parliament chamber
2. President Masoud Pezeshkian and others
3. Various of lawmakers talking
4. Pezeshkian talking to lawmakers
5. Pezeshkian approaching lectern
6. SOUNDBITE (Farsi) Masoud Pezeshkian, Iran’s president:
"This (Donald) Trump came to office and signed an order into law that sanctioned a lot of our ships in the sea. They are wondering how to deliver and offload their oil and gas and other shipments."
7. Wide of chamber
8. SOUNDBITE (Farsi) Masoud Pezeshkian, Iran’s president:
"I believed it’s better to talk (to the U.S), but the supreme leader said we will not talk with America. So I announced we will not talk with America."
9. Wide of parliament chamber
10. SOUNDBITE (Farsi) Abdolnasser Hemmati, Iran’s minister of finance:
"We will manage our economy despite economic warfare and maximum pressure. We will not allow this country to bow in the face of Trump’s bullying and pressure."
11. Wide of chamber
12. SOUNDBITE (Farsi) Abdolnasser Hemmati, Iran’s minister of finance:
"Trump showed up again. Look at his statement. It’s a declaration of direct economic war against Iran. Then how would you say that has no impact? If it has no impact why should we talk to other countries to (get back) 6 billion dollars? Why should we pursue that at a high level (with officials)? This is important, how can one say it’s not?"
13. Lawmakers
14. Lawmakers casting ballots
15. SOUNDBITE (Farsi) Mohammad Bagher Qalibaf, Iran’s parliament speaker:
"Total number of lawmakers present: 273 votes taken. Votes for the impeachment: 182. Votes against 89. Abstentions: 1 and invalid votes: 1. Therefore Mr. Hemmati failed to regain the vote of confidence from revered lawmakers as the minister of finance."
16. Wide of parliament chamber
STORYLINE:
Iran’s parliament on Sunday impeached the country’s finance minister and voted to remove him from office amid growing concerns over the crashing rial and accusations of mismanagement.

Parliament Speaker Mohammad Bagher Qalibaf announced that 182 out of 273 lawmakers voted to dismiss Abdolnasser Hemmati, just six months after President Masoud Pezeshkian’s government took office.

Pezeshkian, who defended Hemmati, emphasized that the government is locked in a tough battle with the West. He called for greater unity and cooperation from Parliament to face these challenges.

The decision comes amid rising tensions over Iran’s nuclear program and worsening relations with the West.

Iran’s economy has been severely affected by international sanctions, especially after the U.S. withdrew from the 2015 nuclear deal.

In 2015, the rial was worth 32,000 to the dollar, but by the time Pezeshkian took office in July, it had plummeted to 584,000 to the dollar.

Recently, it dropped even further, with exchange shops in Tehran trading 930,000 rials for each dollar.

Hemmati acknowledged the tough economic climate during his five months in office, including a 10% reduction in inflation.

AP video shot by Saeed Sarmadi

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