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Home » Iranian retirees protest in 8 cities

Iranian retirees protest in 8 cities

U.S. dollar exchange rate in Iran's market climbed to the 93,000-toman range

by NWMNewsDesk
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Protests over living conditions by retired Telecommunication Company employees took place in six cities across Iran. Simultaneously, retirees from the Social Security Organization and other institutions gathered in Kermanshah and Shushtar.

As the Iranian New Year (Nowruz) approaches, concerns over the cost of living continue to grow. On Monday, the U.S. dollar exchange rate in Iran’s market climbed to the 93,000-toman range, while the price of a single gold coin exceeded 75.5 million tomans.

A new wave of protests erupted across Iran, as retirees, contract workers, and industrial employees took to the streets in multiple cities, voicing their anger over economic hardship, unpaid wages, and government corruption.

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The demonstrations come amid an intensifying economic crisis, soaring inflation, and a sharp decline in purchasing power, as the Iranian currency plunged to 93,000 toman per US dollar, and the price of one gold coin surpassed 75.5 million toman.

Protests erupted in various cities, including Lamerd, Isfahan, Tabriz, Ilam, Bijar, Sirjan, Rasht, Ahvaz, Zanjan, and Shushtar. The demonstrators, mainly retirees from the Telecommunication Company of Iran (TCI) and contract workers from the oil and steel sectors, called out the government’s failure to address their financial struggles and implement long-promised reforms.

In Lamerd, southern Iran, contract workers from the Parsian operational area of the oil sector rallied against salary cuts, increased taxes, and unpaid wages.

The oil industry, a key pillar of Iran’s economy, has been severely affected by corruption and mismanagement, leading to mounting dissatisfaction among its workforce.

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