While economic problems and high prices have angered Iranians, triggering protests all over Iran in the past few months, the price of tickets for public transportation in Tehran increased by 20%.
The CEO of the Metro Operation Company told the state-run ISNA News Agency yesterday that the price increase of the Tehran Metro was implemented following a directive by the Tehran City Council.
However, according to ISNA, the price increase was carried out without a prior official public announcement.
Tehran Mayor, Pirouz Hanachi, said that the price hike for taxis and other public transportation systems was based on “inflation” sent to them by the government and was agreed upon by the city council.
The 20% increase comes as the dollar once again moved up against the Iranian toman yesterday selling at around 14,200 to the dollar.
The Iranian currency had been somewhat stable before this.
According to a member of the Chamber of Trades who spoke to the ILNA News Agency, recent political news, the escalation of sanctions and the suspension of oil purchases from Iran, have attracted capital to the dollar and gold coins therefore increasing the value of the dollar.
Adding to this, devastating floods have ravaged more than half of Iran for more than a month affecting more than 12 million Iranians in two-thirds of Iran’s provinces.
While there is an urgent need for a government budget to aid flood-stricken locals and provide their basic needs, a number of state-run media reported on Saturday that the regime has given Iraq and Syria around 1.2 trillion riyals (equivalent to about $30 million) for the reconstruction of religious and pilgrimage sites.
Although many analysts and media who support appeasing Tehran say that Iran’s broken economy is the result of US oil and gas sanctions, it is clear that a regime whose first and last concern is to maintain its grip on power and its security while implementing its terrorist and fundamentalist ambitions in the region, cannot provide the urgent needs of its own people.