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Economy

Iran offers citizens $7 monthly payments as protests spiral over economic crisis: report

close Video IRAN PROTESTS: Gunfire reported as unrest enters seventh day Demonstrators hit streets from Kazerun to Shiraz; Khamenei breaks silence. (Video: NCRI.) NEWYou can now listen to Fox News articles! Iran’s government has said its citizens will be given a monthly payment equivalent to about $7 to ease economic pressures as protests spread across the country, according to reports.

Iran offers citizens $7 monthly payments as protests spiral over economic crisis: report

Credit: Foxnews

Key Highlights

  • The announcement was reported to have been made on Monday by the government spokesperson, Fatemeh Mohajerani, on Iranian State TV. She said the measure was aimed at "preserving households" purchasing power, controlling inflation and ensuring food security," per The New York Times.
  • The outlet also said the plan represents a shift away from long-standing import subsidies toward direct assistance for citizens.
  • IRAN CRACKDOWN RATTLES MIDDLE EAST AS ANALYSTS WEIGH US OPTIONS SHORT OF MILITARY INTERVENTION A protester faces Iranian security forces during clashes amid nationwide unrest, according to images released by the Iranian opposition group National Council of Resistance of Iran.
  • (NCRI ) Under the proposal, roughly $10 billion that had been spent each year to subsidize certain imports, will now be given directly to the public. Eligible Iranians will get one million Iranian tomans, which is around $7, and in the form of credit that can be used to buy goods.
  • The labor minister said the payments would be handed out to about 80 million people, which is the majority of Iran’s population. PROTESTS SPREAD ACROSS IRAN AS REGIME THREATENS US FORCES AS 'LEGITIMATE TARGETS' AFTER TRUMP WARNING Protesters march in downtown Tehran, Iran, Monday, Dec.
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Sources

  1. Iran offers citizens $7 monthly payments as protests spiral over economic crisis: report

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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