Iran Marks Persian New Year With a Looming Economic Crisis | TIME.com:
"This Friday, on the day Iranians celebrate Nowruz, or Persian New Year, Iran's government will enact massive cuts to food and energy subsidies that will hit Iranian consumers hard and may make things difficult for Iranian President Hassan Rouhani
In the seven months since Hassan Rouhani took office as President of Iran, his country’s economy has taken a slight turn for the better. Inflation dropped from 43 percent to 33 percent, while an interim agreement with world powers on Iran’s nuclear program produced some relief from sanctions and access to a portion of previously blocked oil revenues."
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