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Source:
أخبار الخليج
Tehran prints money to cover deficit leading to inflation
An Iranian report confirms that the government is forced to print money to cover the budget deficit, which leads to increased inflation. Inflation has reached high levels due to banks providing unsecured loans and borrowing from the Central Bank, further raising inflation pressures estimated at around 67% as a result of these policies. Food prices have surged by 123%, with inflation indicators exceeding 128%, despite the government paying citizens approximately 80 trillion Toman monthly in the form of food vouchers. The official also indicated that a gasoline price hike is likely, as it is sold at 1,500 Toman compared to a cost exceeding 70,000 Toman, amid declining fuel imports due to sanctions and economic embargoes.
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