Prices surge, jobs disappear as war strains Iran’s economy
Key takeaways
- New Supreme Leader Mojtaba Khamenei says the country must defeat its enemies in an economic and cultural struggle, as well as militarily.
- Food and medicine, cars, electrical devices and petrochemical products are among many items for which Iranians needed to pay much more this Saturday, the first day of the working week, than the previous week.
- The national currency, the rial, has hit a new all-time low of 1.84 million against the US dollar in the open market in Tehran.
Why this matters: an international story with cross-border implications worth tracking.
New Supreme Leader Mojtaba Khamenei says the country must defeat its enemies in an economic and cultural struggle, as well as militarily.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo Iran's economy has suffered billions of dollars in damages due to the war, US sanctions, the blockade and the internet blackout [File: Thaier Al-Sudani/Reuters]By Maziar Motamedi Tehran, Iran – Prices are surging in Iran, and millions of jobs have been lost or are on pause as the war with the US and Israel causes escalating economic damage.
Food and medicine, cars, electrical devices and petrochemical products are among many items for which Iranians needed to pay much more this Saturday, the first day of the working week, than the previous week.