VOL. XXXVI
NO. 20
15-FEBRUARY-1993
Financial and Banking News
ECONOMIC INDICATORS
Iran Raises Minimum Wages
The minimum wage in Iran is to rise by 32% to IR2,994 per day from the startof the new Iranian year on 21 March, according to an announcement on thestate-run radio. This is equivalent to $2 at the market rate of ex- change. Thereport added that the average daily wage would rise by 22.5% to IR4,856 ($3.15)and that the average monthly take-home pay for a married worker should be notless than...
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