Following intense tripartite negotiations, the Iranian government, employers and unions agreed to increase the country's minimum wage by 19.8%, from 9.29 million rials ($245) per month to 11.14 million rials ($294.50). The deal will see the highest year-on-year growth in real terms since 2002.
Workers and labor unions have scored this victory as the Iranian economy still reels from a recent downturn and as the threat of new sanctions looms.
