US EditionPublished • loading... • Updated
Iran Offers $7 Monthly Credit to Citizens Amid Deadly Protests
Monthly household subsidies will increase from 3 million to 10 million rials in credit for staple purchases to offset inflation and rial devaluation, officials said.
- President Masoud Pezeshkian decreed that, starting January 10, 2026, monthly staple credit for all Iranian people rises from 3,000,000 rials to 10 million rials.
- Amid widespread protests, officials noted rising economic hardship, with the rial losing over a third of its value and inflation reaching 52 percent in December, Mohajerani said the payments aim to `reduce the economic pressure on the people`.
- Depositing the aid electronically, officials said subsidies will go to citizens' credit cards/accounts rather than cash, enabling rapid use for staples via the electronic payments infrastructure.
- All Iranian households will receive monthly credits to buy staples as an emergency step amid protests affecting more than 85 million, but the government has not confirmed if this will extend beyond the initial four-month period.
- Longer-Term fiscal pressures suggest Iran's draft budget, starting March 22, projects limited oil export revenues for the Iranian civilian government amid a 63 percent tax revenue rise and an estimated GDP of $356 billion.
Insights by Ground AI
28 Articles
28 Articles
Iran offers citizens $7 monthly payments as protests spiral over economic crisis: report
Iran's government reportedly plans $7 monthly payments to 80 million citizens as protests spread, demanding the end of Supreme Leader Ali Khamenei's regime, officials say.
·New York, United States
Read Full Article
Iran promises reforms as it seeks to quell street protests
Iranian President Masoud Pezeshkian has urged dialogue and promised economic reforms to stabilise the nation's monetary system, as his government announced a new monthly stipend for citizensa direct measure to quell the worst unrest in three years. Starting January 10, the government will provide 10 million rials (about $7) per person in electronic credit for use in select grocery stores, the semi-official Tasnim news agency reported. The move …
·Pakistan
Read Full Article
Coverage Details
Total News Sources28
Leaning Left2Leaning Right7Center5Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
14%
C 36%
R 50%
Factuality
To view factuality data please Upgrade to Premium
