Iran announces paltry $7 stimulus — as thousands take to street in protests over soaring inflation

Iran announces paltry $7 stimulus — as thousands take to street in protests over soaring inflation


Thousands of Iranians continued to flood the streets Tuesday in the country’s largest protest over the crumbling economy – after the announcement of a minuscule stimulus payment only fanned the flames.

The raucous nationwide demonstrations carried on for the 10th day after government officials announced Monday that about 80 million eligible citizens will receive 10 million Iranian rials a month — worth about $7.70 at real exchange rates.

Government spokeswoman Fatemeh Monajerani, who announced the handout on state TV, said the meager aid will be delivered through direct deposit as a credit that can be used for basic home necessities to help “reduce the economic pressure on the people.”

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At least 36 people — including 34 protesters and two members of Iran’s security forces

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