Iran's Economy is going through Difficult Times --Ahmadinejad

The series of sanctions imposed by Western nations is beginning to take a naked toll on the economy of Iran as admitted by the Iranian President, Mahmoud Ahmadinejad.

Western nations remained skeptical that Tehran's nuclear programme is to make the Islamic Republic a nuclear power which represents a threat to Israel and the greater Middle East. Tehran denies this saying her programme is for peaceful purposes.

Iranian President, Mahmoud Ahmadinejad made a rare acknowledgment, saying the country’s economy is going through harsh times. “This was a very difficult year for our economy,” he stressed.

The statement came during a live television interview, in which the head of the Islamic Republic outlined his government’s budget plan for the coming fiscal year. Ahmadinejad has blamed the US of using all its economic might to put unfair pressure on the Iran.