Internet shutdown in Iran costing already ailing economy $4.3 million a day: officials

The digital curtain has fallen across Iran, plunging its citizens into an unprecedented communication blackout and delivering a crippling blow to an economy already teetering on the brink. What’s often seen as a tool for control is also proving to be a potent economic weapon, as officials now reveal the staggering cost.

Amidst the most comprehensive internet shutdown in its history, **Iran’s struggling economy is reportedly losing an estimated $2.8 to $4.3 million *each day***. This isn’t just about inconvenience; it’s about livelihoods. Businesses, from small startups relying on online sales to larger enterprises conducting international transactions, are finding their operations severely hampered or brought to a complete standstill.

The inability to communicate globally, process digital payments, or even access cloud-based services means lost revenue, disrupted supply chains, and a rapidly eroding trust in the country’s economic stability. For a nation already grappling with sanctions and internal challenges, this self-inflicted wound further exacerbates its economic woes, making recovery an even more distant prospect. The cost isn’t just in dollars and cents; it’s in opportunities lost and the deepening despair of those who rely on the digital world to earn a living.

Source: Original Article