Iran’s labour minister has announced a more than 60 per cent hike in the minimum wage, local media reported Sunday, months after anti-government protests that began as an expression of discontent over dire economic conditions. The country adjusts its minimum wage yearly to account for inflation, which had skyrocketed under international sanctions in the months leading up to the ongoing war between Iran and its foes, Israel and the United States. It also announced a similar hike in child support benefits. The Iranian currency trades at about 1.47 million rial to the dollar, according to the monitoring website Bonbast. Economic demonstrations broke out in December of last year, sparked by the high cost of living and the depreciation of the national currency.

Source: Punch March 15, 2026 22:17 UTC