89 Days
 أخبار الخليج
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أخبار الخليج

2026-08-06T23:00:00.000Z

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 أخبار الخليج

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War and inflation challenge Iranians

War and inflation challenge Iranians

Iranians are suffering from significant economic pressures and living crises, amidst ongoing conflict with the United States and rising inflation, which reached an annual rate of 66% in July. The current exchange rate for the US dollar is 1.88 million rials, reflecting the deterioration of the local currency and a decline in purchasing power. Many among them find themselves forced to choose between meeting basic needs such as food and transportation or investing in education and personal development, as international sanctions and escalating conflict continue to worsen the economic crisis and deteriorate citizens' lives.

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