Page 15 - IRANRptApr19

average monthly salary stands at IRR23.3mn ($617) per month, according to a report from the Financial Tribune on April 15. The report shows that living conditions in the country have improved following several years of a drop in the quality of life, due to the removal of sanctions.
The average Iranian earns IRR278.8mn ($7,416) per annum. However, the report noted the average family spends on average 262.3mn ($6,978) per year so little is made in savings. The report also added that the average household consists of 3.4 members and that families of four now account for 30.4% of the society. The majority of families (59.8%) have only one breadwinner. Housing costs account for the biggest slice of income expenditure.
The IMF’s World Economic Outlook released last October forecast that unemployment would increase to 12.8% in 2018 and 14.3% in 2019.
5.0 External Sector & Trade
5.1 Balance of payments and current account
Smuggled goods moving into or out of Iran in last Persian year valued at $12bn or more
Smuggled goods with a value of at least $12bn flowed into and out of Iran during the 2017/2018 Persian calendar year (ended March 21) a just-finalised report concludes, the Islamic Republic News Agency (IRNA) reported the head of the Iranian Anti-Smuggling and Currency Trade Commission as saying.
Iran’s borders with Iraq, Pakistan, Azerbaijan and Afghanistan are seen as rather porous, while the country of 81mn also has a large maritime border on the Persian Gulf. Smugglers’ boats often conduct night runs from the tip of Oman on the Arabian peninsula with pre-purchased goods delivered to order.
Commision head Ali Moudi Khorramabadi reportedly declined to outline the composition of the smuggled goods at an Iranian interior ministry meeting on the issue, but it is clear that given a toughening of registration rules on mobile phones , the attraction of smuggling smartphones and other handsets into Iran must have been greatly reduced this year. The unique international mobile equipment identity (IMEI) number of any mobile phone purchased in the Islamic Republic must be declared to a national mobile registry. Phones that are not registered are blocked from the telecom networks.
15 IRAN Country Report April 2019 www.intellinews.com