In Tehran’s working-class neighborhood surrounding Imam Hussein Square, the economic impact of crippling U.S. sanctions, economic mismanagement, and corruption is evident. Shopkeepers struggle with a lack of customers, high inflation, and limited imports. Even in upscale areas, Iranians face economic hardship and decreasing purchasing power.
The Iranian currency has depreciated significantly over the years, with the government introducing a new currency to combat this issue. Residents face challenges such as high rent prices, limited job opportunities, and escalating living costs. Despite pockets of economic growth, the average Iranian feels the weight of the struggling economy.
Amid this economic turmoil, Iranians are heading to the polls to choose their next president, with a common demand for economic improvement. Many blame U.S. sanctions for their woes, while others express frustration and hopelessness about the situation. The once-promising economic growth of the 1990s has given way to widespread financial struggles, even among the middle class.
The article’s focus on personal stories and interviews highlights the human impact of Iran’s economic challenges. From struggling business owners to families unable to afford medical care, the economic situation in Iran is taking a toll on its people. While some hold out hope for change, others see emigration as their only option for economic stability.
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