ALBAWABA - Iran announced raising its minimum wage by 60 percent, following months of anti-government protests amid soaring inflation and poor living conditions.
AFP reported that the country revisits its minimum wage salaries annually. However, Iran's war with the US and Israel caused record levels of inflation, prompting the government to raise the minimum wage by over 60 percent.
Iran raises its minimum wage by 60%
Tasnim Agency quoted the Ministry of Labour, which unveiled that the government approved increasing the minimum wage from 103 million rials to 166 million rials in the next Iranian year.
According to Erem News, citing black market exchange rates, Iran's current minimum wage is approximately equivalent to $112 per month.
The US-Israel war with Iran
Israel and the U.S. launched joint attacks on Iran on Feb. 28, killing over 1,200 people, including then-Supreme Leader Ali Khamenei and more than 150 children, in a strike on a girls' elementary school in Minab, in southern Hormozgan province.
In response, Tehran launched drone and missile strikes targeting Israel, along with Jordan, Iraq, and Gulf countries, which it says are targeting "U.S. military assets."
