Iran Approves Credit Purchases For Subsidized Goods

The Iranian cabinet approved a measure on March 29, 1405 (Persian calendar), to allow households to purchase essential goods on credit. The decision was reported by Fars News Agency regarding the administration of President Masoud Pezeshkian. The measure aims to assist households through credit-based access to essential items. If payments are not made, the amount will be deducted from existing subsidies and transferred to the relevant companies. The subsidy organization has updated the information regarding eligible households. Economic conditions are forcing citizens to rely on credit purchases for goods, even as the country faces the consequences of war and sanctions. The source noted that if people were buying on credit before the war, they must continue to do so now. This mechanism allows buyers to purchase items on credit, providing sellers with the assurance that payments will be received. The source noted that this system is intended to facilitate transactions for those needing credit. This mechanism enables buyers to utilize credit for items that have not yet been fully processed or disbursed. The system allows for purchases on credit based on previously available balances. The move aims to address economic concerns and improve the image of the judiciary and state institutions.