Even state media sounds alarm as Iran’s economy sinks
Iran’s worsening economic crisis is drawing unusually blunt warnings from state media and establishment voices as war, inflation and shortages squeeze households and expose the limits of the government’s response.
The exchange rate for the US dollar surged again on Wednesday, April 29, climbing above 1.8 million rials.
That same day in downtown Tehran, a single fried egg cost one million rials and a hamburger five million—prices that bite hard in a city where minimum wage is just above 200 million rials a month.
“What is going on in this country, Mr. Pezeshkian?” state TV anchor Elmira Sharifi asked earlier this week, staring directly into the camera after reporting that many Iranians can no longer afford basic staples such as rice, sugar, cooking oil, fruit, dairy products and medicine.
