COVID-19: Iran Approves IRR 1,000 Trillion Economic Relief Package

Spokesperson for the Iranian administration, Ali Rabiei, announced that Iran’s Coronavirus Fight National Headquarters has decided to allocate IRR 1,000 trillion, to protect the businesses and people affected by the COVID-19 pandemic.

According to Rabiei, a sum of IRR 750 trillion has been allocated to maintain jobs and protect the enterprises and businesses that have been affected by the on-going crisis. While this amounts for a sizable chunk of the relief package, another IRR 120 trillion is expected to be allocated towards the enhancement of the country’s healthcare system.

Meanwhile a sum of IRR 80 trillion has been allocated in the form of a livelihood package for vu...