Domestic Economy

Iran Floods' Damages Estimated at $2.5b

Damages Caused by Nationwide Floods Estimated at $2.5b
Damages Caused by Nationwide Floods Estimated at $2.5b

Recent floods in Iran are estimated to have caused up to 350 trillion rials ($2.5 billion) in damages so far, the interior minister said.
In an address to the parliament on Sunday, Abdolreza Rahmani Fazli added that "unprecedented" heavy rainfall and subsequent floods inundated 25 of Iran’s 31 provinces since March 19.
Agriculture Minister Mahmoud Hojjati, Energy Minister Reza Ardakanian, Roads and Urban Development Minister Mohammad Eslami, the head of Iran Meteorological Organization, Sahar Jahanbakhsh and the head of Relief and Rescue Organization, Ali Asghar Peyvandi, were also present in the parliament to report the damages caused by the disaster to their respective sectors and elaborate on measures taken by each before, during and after the floods.


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