An unaffordable car market highlights Iran’s cost-of-living crisis
- Tehran, Iran – Hossein, a 32-year-old marketing specialist based in Tehran, has been thinking of replacing his 13-year-old Iranian-made car with a newer model.
- Even though he earns about four-and-a-half times the minimum wage after a recent pay rise – his salary is now close to 900 million rials (about $390 at the current exchange rate) – imported vehicles are not even remotely affordable for him.
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- Tehran, Iran – Hossein, a 32-year-old marketing specialist based in Tehran, has been thinking of replacing his 13-year-old Iranian-made car with a newer model.
- Even though he earns about four-and-a-half times the minimum wage after a recent pay rise – his salary is now close to 900 million rials (about $390 at the current exchange rate) – imported vehicles are not even remotely affordable for him.
- Recommended Stories list of 4 itemslist 1 of 4Turkiye revokes operating licence of Iran’s Bank Mellat in Istanbullist 2 of 4Iran stages show of force during mobilisation campaign in Tehranlist 3 of 4Th
Sources: Al Jazeera