Twenty thousand yuan is not enough to buy a refrigerator How "expensive" is Inflation in Iran?

Look at the news Knows reporter Chen Weiqin Zhang Yiwei

2020-07-31 16:01

Affected by US sanctions, Iran's economy has continued to malaise, and under the impact of the outbreak of the epidemic, the domestic economy and people's lives have become more difficult. The Iranian rial exchange rate continues to decline, and has depreciated by about 60% cumulatively. The rise in prices has significantly increased the daily living expenses of residents, and the prices of daily iranian foods such as eggs, chicken and nuts have risen by more than 30%.

Will the current economic and livelihood situation in Iran further deteriorate? What is the Iranian government doing to respond? And how do people view this country with internal and external troubles?

Fan Hongda, Professor, Institute of Middle East Studies, Shanghai University of Foreign Chinese: I personally have an understanding of the rial exchange rate. I was preparing to go to Iran for the summer in June to do research, so I bought a little rial in June. At that time, 1 yuan could be exchanged for 23,000 and 25,000 rials, and now 1 yuan can be exchanged for 33,000 rials. I recently bought a refrigerator, and it cost less than 5,000 yuan to buy a Siemens refrigerator in our country; the same refrigerator costs 20,000 yuan in Iran, and the salary level there is obviously a big gap from us. The depreciation of the rial has led to a rise in prices, while the people's income has not increased accordingly, and the pressure on people's lives has risen.

Wang Zhen, researcher at the Shanghai Academy of Social Sciences: Iran may be sending a signal to the international community, especially the US Democratic Party, that Iran is likely to face a great humanitarian crisis in terms of the epidemic. Iran is now facing international sanctions, and many medical products and medical equipment cannot be entered. In this way, it will not be able to effectively prevent and control the epidemic and respond to the epidemic.