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Internet disruption causes damage worth over $500M per day in Iran

Business Materials 11 December 2019 11:19 (UTC +04:00)
Internet disruption causes damage worth over $500M per day in Iran

BAKU, Azerbaijan, Dec. 11

By Elnur Baghishov - Trend:

Internet disruption in Iran caused damage worth 25 trillion rials (about $595 million) per day for enterprises operating in the technology sector alone, said Fatemeh Hosseini, chairperson of the technology and innovation fraction of the Iranian parliament, Trend reports via IRNA.

Hosseini noted that the parliament should limit the internet in such a way that the damage to these businesses is minimal.

The chairperson added that the political risks in Iran have hampered activities in technology and innovation sphere.

On Nov. 15, 2019, in Iran, the price of gasoline sold on quota increased from 10,000 rials ($0.23) to 15,000 rials ($0.35) and the price of gasoline sold free from the quota increased to 30,000 rials ($0.71).

A number of peaceful protests have taken place in Iran over rising gasoline prices.

Iran’s Supreme National Security Council decided to cut off the internet because the protests resulted in riots, and the internet shutdown lasted about 10-15 days.

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