Iran raises minimum wage by more than 60 percent

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Iran has approved a minimum wage increase of more than 60%, raising the monthly minimum from 103 million rials to 166 million rials for the coming Persian calendar year. The increase comes as the country faces surging inflation driven by international sanctions and economic disruption linked to the ongoing war. Similar increases were approved for family allowances.

Iran raises minimum wage by more than 60 percent Iran has announced a sharp increase in the national minimum wage as the country grapples with inflation and economic strain. Local media reported that Labour Minister Ahmad Meydari confirmed the government had approved a rise of more than 60 percent for the coming Persian calendar year. According to Tasnim news agency, the monthly minimum wage will climb from 103 million rials to 166 million rials. Officials also approved a similar increase in family allowances. Iran reviews wages each year in line with inflation, which has surged under international sanctions and economic disruption linked to the ongoing war.