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Tipsheet

Iran's Solution to the Mass Protests Is a $7 Stimulus Package

Iran's Solution to the Mass Protests Is a $7 Stimulus Package
AP Photo/Hasan Sarbakhshian, File

The Islamic Republic of Iran will be distributing a stimulus package amid the country’s economic turmoil, Iranian state television announced on Monday.

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Iran's state television announced that the package is available to all Iranian citizens, who will receive 10 million Iranian rials per month, equivalent to USD 7. The payments will come in the form of direct-deposit credit and can be used to purchase basic goods. The government will also fix the price of eligible goods to prevent further inflation.

While government officials believe that the influx of cash will “reduce the economic pressure on the people,” cost of living estimates conclude that a family of three needs $400 per month to make ends meet, according to Iran International.

The stimulus payments will extend for four months and will be paid as a lump sum. It is unclear whether the Iranian regime plans to continue the payments beyond that.

Protests against the Islamic regime continue to escalate, as does the number of deaths. PBS reported that 36 demonstrators have been killed as of Jan. 6, and more than 1,200 arrested.

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It is doubtful that the measly sum will quell the concerns of protestors.

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