Iran's industries go bankrupt
Following Iran’s ongoing economic crisis and the skyrocketing price of the U.S. dollar at currency exchanges across the country, and the mullahs’ regime deciding to impose new policies, hundreds of workers in Iran’s textile industry are losing their jobs.
According to new regime policies, there will no longer be any U.S. dollar available at the fixed government rate of 42,000 rials – previously available for some businesses. As a result, textile factories will not be able to purchase and/or import raw material, bringing a halt to its production lines.
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