Iranian President Masoud Pezeshkian announced the end of preferential subsidized exchange rates for importers of basic goods and animal feed, which were set at 285,000 rials per dollar. This decision was made public on January 2, 2026.
The Iranian government plans to redirect subsidies directly to consumers as part of an effort to combat corruption and rent-seeking. This move aims to maintain overall subsidy support while addressing issues related to the previous subsidy system.
This change in policy reflects ongoing efforts by the Iranian administration to reform its economic practices. For more on related coverage, see recent developments in the economy.
