At a glance
Iran announced it's cutting $900 million in preferential currency allocations for medication imports as medicine prices jump 103%. The move will severely restrict access to essential drugs.
Iran announced it's reducing $900 million in preferential foreign currency allocations for medication imports because drug prices inside the country have spiked 103%. The reduction means Iranians will have even less access to imported medicines as prices climb.
Iran's currency is weak, making imported drugs expensive. Rising prices squeeze the government's foreign currency reserves. The government's response is to cut the money available for medicine imports, which will make prices worse. It's a vicious cycle—medicine becomes more expensive as less money flows to importers, making the government cut more funding. Citizens caught in the middle will lose access to essential drugs.
Citation trail
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