Overview
- President Masoud Pezeshkian cautioned suppliers against hoarding or overpricing and directed regulators to secure supply lines and tighten price checks.
- The overhaul ends preferential foreign-exchange access for importers, which officials say fostered distortions and rent-seeking.
- Iranians are slated to receive about $7 per month to purchase basic goods at designated groceries under the new scheme.
- Prices of staples such as eggs and cooking oil have risen sharply since the policy announcement, fueling public frustration.
- Local reports describe tear gas used in Tehran’s Grand Bazaar during protests, and rights groups note demonstrations in several cities as Tehran defends the reform as fiscally necessary.