Inflation in Iran skyrockets - and citizens collapse under the economic burden: "We gave up on fruits and proteins"
The economic crisis in Iran is worsening against the backdrop of the war and the American naval blockade. The price of rice is 60% higher than before the war, the price of meat has risen by 150%, and the Iranian currency has crossed the threshold of two million rials to the dollar. Citizens report giving up on fruits and proteins and working even on weekends. The central bank governor denies a crisis and claims the situation is under control.
The economic crisis in Iran is worsening, against the backdrop of the ongoing war and the American naval blockade. The Associated Press reports sharp price increases: the price of rice is 60% higher than before the war, and the price of meat has risen by 150%. The Iranian currency is at an unprecedented low, crossing the threshold of two million rials to one dollar on the free market. The unemployment rate continues to rise, and one hour of work is worth half of what it was a year ago. Citizens are struggling: a Tehran resident said they have stopped buying fruits and proteins and are forced to work even on weekends. In the background, US President Trump last week declared an "economic D-Day" - a crushing economic operation against Iran, and threatened countries that would assist it. The governor of the Central Bank of Iran, Abdolnaser Hemmati, denies a crisis and claims the situation is under control, but the central bank has authorized around-the-clock work to release grain and medicines from customs. Meanwhile, security sources assess that the chances of expanding the military confrontation in the near term have diminished, and the sanctions are intended to prevent a conflict until after the US midterm elections. The US also announced new sanctions against Hezbollah and changed its designation.