Azernews.Az

A source within Iran Intelligence Agency's Economic Department said that "currency wars" against the Islamic Republic have begun, Trend news agency reported referring to Fars news agency.

Several days ago Iranian MP, director of Majlis Research Center, Ahmad Tavakoli said that within one year, Iran national currency's value decreased by 55 percent.

In the last week of September 2012, the U.S. dollar cost 24,500 rials in Iran, and early October it went sky-high to 37,000 rials, and later - to 40,000 rials.

As a result of such jumps in rates, tensions arised in Tehran, police arrested about 30 people, who might have been involved in currency manipulations at Iran's free markets.

"The enemies are afraid of Iran's power, and therefore try to weaken country's economy, to reach their ominous goals, creating instability and currency devaluations," the source said.

The source also noted that in order to fight this kind of war, Iran needs to be increasing use of "economy of resistance".

"The private sector in Iran can produce the best goods. Some of the local products are even better that those that are of foreign origin. Unfortunately, due to propaganda, the public goes towards foreign goods, instead of the domestic ones," the source said.

On July 25, 2012 a special meeting with representatives from Iranian parliament, presidential administration and the juridical system was held in the parliament, regarding the "economy of resistance" that Iran is implementing.

The five-hour meeting discussed the poverty, rising expenses on food, the industrial situation in the country, and also agricultural problems.