₦airaland Forum

As we harp everyday on how pump prices in US have risen by one whole dollar (amidst a thriving economy by the way, because they do export oil), let's pause for a second and consider conditions within poor Iran.
1USD = 1.4m (million!) Iranian Rial!

In the popular Bastan market in the west of the Iranian capital, where the inviting smell of fresh bread and fruit mingle with the sight of colourful fabrics and clothing, the scene no longer holds its usual joy.

Passersby wander among the vendors’ stalls, carefully turning goods over only to return them to their places without buying.

"Daily shopping trips have turned into something resembling a reconnaissance mission to find out the new prices,” says Mashhadi Firouz, a 63-year-old retiree, is reminiscing about his youth on this street when it was bustling with life.

Firouz is standing in front of the shelves in a large grocery store, turning items over one by one, searching for the prices listed on their packaging.

“A year ago, a kilo of rice was about 1.8 million rials ($1.31), but today it has crossed the 5-million-rial ($3.63) threshold,” he tells Al Jazeera. “Likewise, a bottle of cooking oil was about 700,000 rials ($0.51) until the spring of last year, but its price has now reached more than 3 million rials ($2.18).

He continues, exasperated: “We are witnessing a terrifying expansion of poverty, and not just extreme poverty, but what can be called the poverty of retirees and employees, as fixed-income earners are living below the poverty line for the first time in decades.
“We do not only complain about the high prices, but about their speed, which leaves us no chance to catch our breath.”

Counting eggs one by one’
Just a few metres away, Fatima, 46, a housewife and mother of three, tells Al Jazeera that she has to make multiple trips to the market each week just to stay ahead of the price rises.
“I now go to the market three times a week instead of once, not because I need anything, but to see if there is a seller who has goods at a lower price, or a commodity that the wave of inflation has not yet caught up with.
"Red meat has become a dream, chicken has become a mere guest on our table, and I have even started counting eggs one by one.”
Hearing about prices doubling within days or weeks is no longer unusual, Fatima says.

In the wholesale market in the “Narenj” area south of Tehran, Mehran, 71, a grocery seller, speaks about another face of the crisis. “Inflation has not only hit the buyer, but it has hit us, too,” he tells Al Jazeera. “Purchasing power has collapsed, and people are now buying only the essentials. Prices have doubled in less than four months, so we had to reduce the quantities offered, but we still cannot find anyone to buy them.”

“In my 40 years of work, I have never seen a recession this bad, not even during the worst periods of sanctions.”

Mehrah isn’t even looking to turn a profit at this point, he says. “I am just trying not to go bankrupt and close the shop I inherited from my father.”

This is Iran’s highest inflation rate since 1942, during World War II, which triggered the collapse of food supply chains and soaring prices.

Arman Khaleghi, head of Iran’s Chamber of Commerce, Industries and Mines, points to what he describes as a “perfect economic storm” of five factors that have all poured down simultaneously on the Iranian economy.

Khaleghi points to an external factor that acted as the “knockout blow,” namely the maritime blockade by the US that has made travelling to Iran a perilous mission for cargo ships. In this regard, he says, “Even the mere news of a ship being targeted immediately raises prices, let alone the existence of actual difficulties and palpable shortages that have forced the search for more expensive alternative land routes. This has plunged the import process into a dark tunnel and spread a sense of impending scarcity in the market, translating into skyrocketing prices.”

Khaleghi warns of a vicious cycle closing in on the economy, stating, “We are in a situation where the state itself is bearing the brunt of the economic slowdown. Tax revenues, which were supposed to offset part of the cost of the preferential currency reforms, are also shrinking. Thus, we are faced with an impossible equation: the citizen’s income is melting away, the state’s income is eroding, and prices continue to soar to heights unseen in decades.

”Standing on the edge of an iceberg"
Over in Tajrish Square on the north side of the city, where a popular market appears packed with customers at first glance, conversations with shop owners soon tell a completely different story.
"You would think the market is alive, but it is clinically dead,” Reza, 47, a shop owner, tells Al Jazeera.
“People come here because the market is the last free place for entertainment. They wander aimlessly, remembering the days when they used to enter shopping malls and leave with bags that filled their car trunks. Today, however, they might not buy anything, and I do not blame them. As a merchant myself, I can no longer afford to buy what I sell.”

Reyhaneh, 32, an accountant, says: “Every day, I pass by here, and I make sure to buy something, but I feel sad when I see hundreds of people wandering around with empty hands. They did not come just to look at the prices, but many of them leave when confronted with the exceedingly high prices.”

Her husband, Mahmoud, 37, a lecturer at a private university, joins the conversation, telling Al Jazeera, “You might hear here about inflation exceeding 300 percent for some goods, and you might think it is a sudden shock caused by the war. But the truth is that these figures would not have been possible if not for structural diseases accumulated over decades of relying on oil revenues.

“The country used to cover its wounds with petrodollars, and now that the effect of the anaesthetic has worn off, all the ailments have surfaced at once.”

Mahmoud argues, “What worries me is not just the price hikes, but the experts’ estimates of the consequences of flawed economic policies that have not yet emerged, because they have effectively hidden behind the noise of the war.

“This means we are standing on the edge of an iceberg; what we see now is only the tip. To make matters worse, we are stuck in a state of neither war nor peace, and this state of suspension is the worst poison that can afflict an exhausted economy.”

https://www.aljazeera.com/news/2026/6/5/red-meat-is-a-dream-iran-inflation-hits-highest-level-since-world-war-ii

War what is it good for absolutely nothing, hmmmn yeah!












When Russia Ukraine started, we all pretended as if 'E no concern me'












Now directly or indirectly Trump is showing everybody Shege promax!












It is well!

I just dey laugh people wey think say ntin do Iran

brownwindow:
War what is it good for absolutely nothing, hmmmn yeah!

When Russia Ukraine started, we all pretended as if 'E no concern me'

Now directly or indirectly Trump is showing everybody Shege promax!

It is well!

Actually it is good for something - the last thing on Iran's mind right now is nuclear weapons!.

Actually it is IRGC causing all the problens - they are the ones harassing ships minding their own business, not involved in anything, just trying to cross Hormuz

world power for a reason

IzIam and war, poverty and hardship goes together. Its the same issue in Nigeria now

It's the price of anchoring an entire civilization on a single means of energy...

The oil ogas would be fuming and might join forces to see Iran die. After all, those wereys always suppress any alternative means. Let alone an outright blockage.

Chai ! War is something that I don’t even wish on my WORST ENEMY.

Continue deceiving yourself with useless propaganda.

Iran is a country with abundance agriculture produce.

brownwindow:
War what is it good for absolutely nothing, hmmmn yeah!












When Russia Ukraine started, we all pretended as if 'E no concern me'












Now directly or indirectly Trump is showing everybody Shege promax!












It is well!

Stop saying "we" pretended like it's not our concern.

What could yasef and this ancestor have done?

Even the US that pretends to be the citadel of democracy and whatnot, what could the ordinary people do to their current mad king?

It's a helpless position my brother.

How can 1 dollar be equal to millions in another country currency? USA dollar is a curse.

War is bad o!

Especially when it is fought on their soil/ground.

I laughed at those that said they won't feel anything then because the war was on their soil or ground, they were the ones that lost more than any other party/group/country.

That's where balablu is planning to take Nigeria to.

Until he achieve that, he would never rest...

America is the cause of all these, the most evil nation on earth.

Hezzyluv:
I just dey laugh people wey think say ntin do Iran

If even Nigeria was touched, imagine those wey na dem the matter involve...

Who says nahtin do Iran? The pesin don kolo?

The leaders of that contraption just stubbornly decide say as dem wan kih dem everybody go suffer.

With the way these APC sophistication is going if left unchecked they will steer Nigeria economy to the same height of destruction.bvery irresponsible things in power.

QuinQQ:
Actually it is good for something - the last thing on Iran's mind right now is nuclear weapons!.

Actually it is IRGC causing all the problens - they are the ones harassing ships minding their own business, not involved in anything, just trying to cross Hormuz

Truly the universe do not go by human reasoning and logic.

This ya comment come be like the universe own..

Lwkmd 🤣🤣

Don't mind the followers of mhd and haters of westerners.

Hezzyluv:
I just dey laugh people wey think say ntin do Iran

War is a terrible experience.
No winners. Only suffering.
For an ideal that can be achieved in a thousand other ways.
Mankind never learns.

That one no concern Nigerian Iranians urchins.

To them, Iran is winning.

🤣🤣🤣

madridguy:
Continue deceiving yourself with useless propaganda.

Iran is a country with abundance agriculture produce.

Check the source of the news again.
Al jazera,your favourite propaganda network is now lying 🤥🙄?

ATEAMS:
world power for a reason

It is actually unfair. The US is not even in a war (a war has to be declared by Congress). YET:
Ayatollah and his entire family and all Iranian top echelons and all their potential successors are all wiped out, plus some 4000 Iranians. Meanwhile US has lost 13 (THIRTEEN!!!) people total!
I just don't think it is fair

The Minumum wage in Iran is 200 dollars even though they don't spend in Dollars.
An interview with some Iranians on Youtube shows 10 dollars can cover electricity bills, waste management, water bills and other household bills.


Thier Government ('The Regime') subsidizes fuel for the Citizens. Citizens can buy petrol at 1 cent/Litre for upto 60Litres a Month (The allowed quota) then they start buying at 5 cents/Litre after 60L threshold.
Thier healthcare is outstanding with massive subsidies. Massive breathtaking infrastructures and good accessible roads.

Iran is at par with many European countries, propaganda regardless.



This Op and his Western media mouth piece probably went to the ghetto side of the community to compile this Cow dung.


The Iranians with 90+% literacy rate (higher than most Western Countries) would have changed thier Government if they were suffering as potrayed by Western media.

Same way they lied about Egg few years ago, same way they lied about 50,000, 12,000, 8,000 (and the figures keep penduluming ) non existent killed protester.


Same way they claimed Iranians want a revolution only to be shocked during the war.
Same way they claimed Iran will go into Civil war to thier dismay and other Western lies......



We know they will never be tired though, but they can keep trying...We are no longer buying concocted premeditated "interviews "

madridguy:
Continue deceiving yourself with useless propaganda.

Iran is a country with abundance agriculture produce.

The source is Aljazeera

Don't just sit in your madrassa and call everything propaganda $1=1.3m rial is not propaganda

omoredia:
IzIam and war, poverty and hardship goes together. Its the same issue in Nigeria now

Nogeria ke. Nigeria is in a war?? When?!

No be dem wan dey fight America instead of fixing their shit-hole

As them no fit beat North Korea, they started calling them "poor and wretched ".
Now they can't defeat Iran, same script

Meanwhile, homeless druggies are littering all over the street of New York and other US Cities.

🐈‍⬛ CAT WAY WANT FIGHT LION 🦁

WATIN HE GO DO AM ?

Lesson: WHO PASS YOU, DONE PASS YOU.