Financial Tribune: With the 27% rise, minimum wages have increased from 41,790,000 rials ($78) to 53,073,300 rials ($100) per month. Including all the fringe benefits, minimum wagers will earn 80 million rials ($151) per month in the current Iranian year (started March 21)
Minimum wages will increase by 27% in the new Iranian year that started on March 21. The decision was made at a meeting of the Supreme Labor Council in the final days of last Iranian year.
The meeting was held in the presence of Cooperatives, Labor and Social Welfare Minister Solat Mortazavi and Economy Minister Ehsan Khandouzi, along with representatives of employers and employees, the news portal of Iran Chamber of Commerce reported. With the 27% rise, minimum wages will increase from 41,790,000 rials ($78) to 53,073,300 rials ($100) per month.
For wages above the minimum level, the increase was decided at 21%, plus 83,590 rials (15 cents) per day.
The council also agreed to increase the value of grocery coupon from 8.5 million rials ($16) to 11 million rials ($20), while increasing housing aid from 6.5 million ($12) to 9 million rials ($17). The latter raise has yet to be approved by the Cabinet. Taking into account all the fringe benefits, minimum wagers will earn 80 million rials ($151) per month in the current Iranian year.