Iranian Retirees Protest Amid Economic Struggles in Eight Cities

Retirees in Iran protested across eight cities over deteriorating living conditions, coinciding with rising inflation and currency devaluation. Concerns are mounting as Nowruz approaches, with the U.S. dollar reaching 93,000 tomans and gold coins exceeding 75.5 million tomans, intensifying the financial struggle for retirees.

On Monday, retirees from the Telecommunication Company of Iran held demonstrations across six cities, expressing their dissatisfaction with current living conditions. Concurrently, retirees affiliated with the Social Security Organization and other sectors convened in Kermanshah and Shushtar. The protests are significant as they reflect growing economic distress among retirees amid rising living costs.

With the Iranian New Year (Nowruz) approaching, concerns rise regarding financial stability. On the same day, the exchange rate of the U.S. dollar surged to approximately 93,000 tomans in the Iranian market, heightening apprehensions about inflation. Additionally, the price of a single gold coin has reached over 75.5 million tomans, compounding the economic strain on many individuals, particularly pensioners.

In summary, the protests by Iranian retirees highlight significant economic concerns, particularly as the New Year approaches. The rising cost of living and the depreciating rial against foreign currencies exacerbate the hardships faced by these individuals. The demonstrations serve as a reminder of the urgent need for government intervention to alleviate financial burdens on the elderly population.

Original Source: www.voanews.com