BAKU, Azerbaijan, January 5. The Iranian
government has announced a program to support citizens’ household
needs by providing funds for the purchase of essential products,
the government spokesperson Fatemeh Mohajerani told reporters,
Trend
reports.
Mohajerani noted that each Iranian will receive 10 million rials
(about $10) per month for a period of four months, starting from
January 10. The initiative replaces previous attempts to allocate
foreign currency to importers at lower rates, which were deemed
ineffective in controlling the prices of key products.
Mohajerani noted that the funds will allow citizens to easily
obtain 11 essential goods from the country’s 268,000 sales centers,
including milk, cheese, yogurt, red meat, chicken, cooking oil,
pasta, rice, sugar, and legumes. She added that after four months,
the allocated funds may increase, with significant price rises
expected for cooking oil and eggs and roughly 20% increases for
other products.
To note, the program was launched on January 4 amid ongoing
economic pressures to ensure food security, improve household
conditions, and maintain stability in the Iranian economy. The
recent sharp depreciation of the Iranian currency has continued to
push prices upward, even for goods imported with subsidized foreign
currency.
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