By Jubin Katiraie
The future of Iran’s economy is looking very unsteady as the toman is declining in value. On top of this, the price of gold has been increasing. The toman has lost approximately 12 percent of its value recently.
The deputy chairman of the Iranian parliament’s Budget Commission, Hadi Ghavami, said that there are numerous factors to take into account. However, he indicated that the most exacerbating factor was the lower oil prices that is resulting in an unexpected budget deficit.