Tuesday 26th Mar 2019 

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News: Iran Economy

Iranian's Plans for Economy Spur Widespread Concern

Bazzar in IranBy NAZILA FATHI

The New York Times, TEHRAN — As President Mahmoud Ahmadinejad moves to make good on his campaign promise to distribute Iran's increasing oil wealth among its citizens, warnings are coming from across the political spectrum that his policies may be doing more to irritate political and economic tensions than to soothe them.

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Swiss banks quit Iran

Swiss bank UBSSwissinfo - Switzerland's largest bank, UBS, has confirmed that it is ceasing all operations in Iran.
 
On Sunday UBS corroborated a report in the SonntagsZeitung newspaper, but stressed that implementation of the decision had already begun last autumn.

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Iran: Workers under growing economic pressure

child labor in IranNCRI - In 27 years of clerical rule in Iran the minimum wage for workers has dropped by half. The minimum monthly pay for workers has gone down to about 135 USD, according to an expert on labor affairs in Iran quoted by the state-run labor news agency, INLA.

The clerical regime's expert admitted that wages under different governments have steadily dropped over the years and at the same time payments for education and welfare have been eliminated making life even more difficult for the workers.

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