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Iran’s Minimum Wages Erode In Dollar Terms

Photo by Ashkan Forouzani / Unsplash

Iran’s minimum wage, measured in U.S. dollars, has fallen dramatically over the past decade as sanctions and currency devaluation reduced purchasing power. Despite nominal wage increases in local currency, repeated devaluations have sharply lowered real earnings in global terms.

Source: Iran Ministry of Labor; Central Bank of Iran | Via: @econovisuals on X

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