coverimage
Dubai News

Iranians blame their government for economic crisis

date

25-Jun-2019

Tehran: As the U.S. piles sanction after sanction on Iran, it’s the average person who feels it the most.
 
From a subway performer’s battered leather hat devoid of tips, to a bride-to-be’s empty purse, the lack of cash from the economic pressure facing Iran’s 80 million people can be seen everywhere.
US President Donald Trump has pulled out of Tehran’s 2015 nuclear deal with world powers and levied punishing U.S. sanctions on the country in a bid to curb Iran’s destablizing behaviour in the region.
 
Iran has called it “economic warfare” and appeared to push back by shooting down an American drone it says violated its airspace last week.
 
In response, U.S. officials have vowed to pile on more sanctions.
 
But alongside Trump, many Iranians blame their own government, which has careened from one economic disaster to another since its Islamic Revolution 40 years ago.
 
“The economic war is a reality and people are under extreme pressure,” said Shiva Keshavarz, a 22-year-old accountant soon to be married.
 
She said government leaders “keep telling us to be strong and endure the pressures, but we can already hear the sound of our bones breaking.”
 
Walking by any money exchange shop is a dramatic reminder of the hardships most people are facing.
 
At the time of the nuclear deal, Iran’s currency traded at 32,000 rials to $1.
 
Today, the numbers listed in exchange shop windows have skyrocketed - it costs over 130,000 rials for one U.S. dollar.
 
Inflation is over 37%, according to government statistics. More than 3 million people, or 12% of working-age citizens, are unemployed. That rate doubles for educated youth.
 
Depreciation and inflation make everything more expensive - from fruits and vegetables to tires and oil, all the way to the big-ticket items, like mobile phones.
 
A simple cell phone is about two months’ salary for the average government worker, while a single iPhone costs a 10 months’ salary.
 
“When importing mobile phones into the country is blocked, dealers have to smuggle them in with black market dollar rates and sell them for expensive prices,” said Pouria Hassani, a mobile phone salesman in Tehran. “You can’t expect us to buy expensive and sell cheap to customers. We don’t want to make a loss either.”
 
Hossein Rostami, a 33-year-old motorbike taxi driver and deliveryman, said the price of brake pads alone had jumped fivefold.
 

More Related News

Paralysed debt-ridden man returns home to Kerala after 15 years

..

20-Oct-2019

Nadal, 33, met his wife through his younger sister Maribel, a childhood friend of Perello

..

20-Oct-2019

Exactly one year from now Dubai will showcase the World’s Greatest Show

..

20-Oct-2019

Fresh questions about the company's knowledge of problems with the Max long before crashes

..

19-Oct-2019

Use of facial recognition software a violation of privacy, says suit

..

19-Oct-2019

Hariri said Lebanon was going through an 'unprecedented, difficult time'

..

19-Oct-2019

Plus, other offers that'll have you riding in luxury

..

19-Oct-2019

Residents urged to immediately report hacking incidents to avoid being scammed

..

19-Oct-2019

Indian minister announces plans following high-level talks in Abu Dhabi

..

19-Oct-2019

You can now bring your parents on visit visa without paying the additional security deposit

..

19-Oct-2019


Related Links_


Google ADS

Other Info_

..

Health Care

Multi Specialty medical facilities, government hospitals & private clinics

..

Education

Nurseries, Kindergardens, Schools, Colleges, Universities & Higher Education

..

Popular Restaurants

Dining in Dubai - selection of restaurants where you can relax & enjoy a variety of cuisines of choice

Jobs at Dubai_

Find latest Dubai Jobs & Vacancies from placement agencies, employers & recruitment consultants in Dubai, Abu Dhabi & other Emirates in UAE.

Dubai Tours & Packages_

Book quality Dubai tours, best Dubai holiday packages with visas & Dubai hotel booking with special offers & discounts

Warnning

Unsupported Browser

This website includes CSS elements that your browser does not support. Please upgrade your browser to a current version, then come back and try again.

Upgrade your Browser for more experience

Chrome Firefox Safari Edge