New Cash Payments for 40m Iranians

EghtesadOnline: The government and the parliament have agreed upon a plan based on which 40 million Iranians will receive financial support, Vice President for Economic Affairs Mohammad Nahavandian said recently.

News ID: ۷۸۵۶۸۸

26 December 2020

“Each individual will receive a monthly payment of 1 million rials [$3.8] and those who are covered by the Imam Khomeini Relief Foundation will receive 1.2 million rials [$4.6] monthly,” he was quoted as saying by IRNA, adding that the first such payment has already been made.

According to the Iranian Parliament’s so-called “provision of households’ essential goods” plan that has also been verified by the Guardians Council–an oversight body that ensures laws are in line with the Iranian Constitution and Islamic law, the government is tasked with monthly payments of 1.2 million rials to 20 million people who fall within the three lowest income deciles and are not covered by any humanitarian and welfare organization, and 600,000 rials ($2.3) to 40 million people of modest means of other income deciles over the second half of the current fiscal year (Sept. 22-March 20, 2021).