Raisi's economic team is unlikely to have a commercial look

Majid Reza Hariri said in an interview with ILNA newsagency on Friday that most of them believe in the ideas of self-sufficiency and domestic production as the pillars of their economic theory."

He added "This comes while the key to Iran's economic problems is international trade."

Hariri also attached great importance to the issue of tackling Iran’s runaway inflation and said "With every decision the government is going to make, the first question should be: Will it lead to a reduction in inflation?"

He warned that as things stand now, the official 44 percent inflation rate will jump to 60 percent by the end of the fiscal year (late March 2022)."

Meanwhile, he said "except a couple of Raisi's ministers who have worked with him at the administration of the holy shrine of Mashhad, we still do not know others in his team. And although they are likely to easily get the parliament's approval, still we need to wait and see how realistic these ministers' plans for the future are."

END