{"id":303904,"date":"2023-03-17T21:06:06","date_gmt":"2023-03-17T20:06:06","guid":{"rendered":"https:\/\/www.ncr-iran.org\/en\/?p=303904"},"modified":"2023-05-02T22:41:37","modified_gmt":"2023-05-02T21:41:37","slug":"irans-financial-crisis-ahead-of-nowruz","status":"publish","type":"post","link":"https:\/\/www.ncr-iran.org\/en\/news\/economy\/irans-financial-crisis-ahead-of-nowruz\/","title":{"rendered":"Iran’s Financial Crisis Ahead of Nowruz\u00a0"},"content":{"rendered":"

\"tehran<\/span><\/p>\n

The Persian New Year, Nowruz, is days away. Unlike its meaning, the \u201cNew Day,\u201d Iranians are forced to continue suffering from the country\u2019s financial calamity<\/a>.\u00a0<\/span>\u00a0<\/span><\/p>\n

The eerie silence of Iranian markets ahead of Nowruz echoes the anxious wait of shop owners for customers who never come. At the same time, the destitute can only afford to borrow half of the symbolic “Haft Sin” items for a fleeting glimpse of prosperity.\u00a0<\/span>\u00a0<\/span><\/p>\n

The Persian Year of 1401 was the darkest year for Iranians regarding the misery index<\/a>. The country\u2019s economy suffered from an above-50% inflation rate, the highest in the last four decades.\u00a0<\/span>\u00a0<\/span><\/p>\n

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1401 was Iran\u2019s worst year<\/div><\/div>
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