May. 3 at 6:18 PM
$PR Al Jazeera Reports by Maziar Motamedi:
"Prices are surging in Iran, and millions of jobs have been lost or are on pause as the war with the US and Israel causes escalating economic damage.
Food and medicine, cars, electrical devices and petrochemical products are among many items for which Iranians needed to pay much more this Saturday, the first day of the working week, than the previous week.
A toxic mix of mismanagement, the bombardment of Iran’s infrastructure, US sanctions, and the naval blockade is pummelling the country of more than 90 million people. In addition, the government-imposed, near-total internet shutdown is into its third month. On top of all that, the national currency, the rial, has sunk to a new all-time low of 1.84 million against the US dollar in the open market in Tehran. Currency deals were scant amid market volatility..."
"A 256GB iPhone 17 Pro Max, priced by Apple at
$1200 in the US, was being offered at close to 5 billion rials (
$2750)..."
