After eight days of unrest that has reached at least 40 cities across Iran
By Sammy,
After eight days of unrest that has reached at least 40 cities across Iran, authorities announced a temporary nationwide subsidy as they try to calm anger over the economy. Officials say at least 12 people, including members of the security forces, have been killed since the protests began.
Government spokeswoman Fatemeh Mohajerani said on state television that all citizens will receive monthly digital credit worth one million tomans, about seven dollars, for four months. The credit will be deposited directly into personal accounts, will not be paid in cash, and can only be used to buy selected goods. She said the measure is meant to "reduce the economic pressure on the people."
The announcement comes after years of pressure from U.S. and international sanctions related to Tehran's nuclear program, as well as a sharp deterioration in living standards.
In December, inflation reached 52 percent year on year, while the national currency has lost more than a third of its value over the past year. With a population of more than 85 million, Iran's minimum wage is about $100 a month and average salaries are around $200, leaving many households struggling.
Topics: Iran
Reported by Sammy for Bernie News Network. See our editorial standards and corrections policy.