Iran announces damages done to raw materials production due to coronavirus
BAKU, Azerbaijan, March 31
By Elnur Baghishov - Trend:
The damage done to Iran's raw materials production due to coronavirus is about 15 percent, said Iran's Vice President for Economic Affairs Mohammad Nahavandian, Trend reports citing ILNA.
He added that the activity of the workers in this sector has also been affected.
Nahavandian added that a total of 1 quadrillion rials (about $23.8 billion) has been allocated to fight the coronavirus - 250 trillion rials (about $5.95 billion) from the national reserves, 750 trillion rials (about $17.8 billion) will be provided from the bank reserves.
"About 50 trillion rials (about $1.19 billion) of 250 trillion will go to the unemployment insurance fund," he said.
Nahavandian said that more 80 trillion rials (about $1.9 billion) will be paid to 7 million low-income people.
Iran is one of the countries heavily affected by the rapidly-spreading coronavirus. According to recent reports from the Iranian officials, over 41,400 people have been infected, 2,757 people have already died. Meanwhile, over 13,900 have reportedly recovered from the disease.
The country continues to apply strict measures to contain the further spread. Reportedly, the disease was brought to Iran by a businessman from Iran's Qom city, who went on a business trip to China, despite official warnings. The man died later from the disease.
The Islamic Republic only announced its first infections and deaths from the coronavirus on Feb. 19.