Iran’s most vulnerable citizens are suffering the brunt of a drop in foreign investments and oil exports, massive inflation, a plummeting national currency and rising prices for food, clothing and medicine.
Here’s what President Trump’s “maximum pressure” campaign of economic sanctions against Iran looks like for Shaghayegh Safari, a 38-year-old single mother who works as a typist at a magazine in Tehran.
“People in the private sector are making fortunes in real estate or the financial and trade sectors and they are gaining the lion’s share of the economy while the working class and poor in the cities are feeling the soaring prices of commodities on their shoulders,” said Fariborz Raisdana, an economist in Tehran.
Severe restrictions imposed by the U.S. on Iran's banking and financial institutions have made it difficult for the international community to do business with Iran. The annual inflation rate declined from 50% in June to 48% last month, and the rial rose 20% against the dollar.
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