Iran to Cap Government Pay as Salaries Scandal Sparks Furor

  • Monthly government salaries are to be limited to $3,200
  • Issue has became political as Rouhani faces re-election

Iran to Cap Government Pay

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Iran will cap monthly government salaries as it tries to contain an uproarBloomberg Terminal over high executive wages that has rocked the country’s financial industry.

A monthly limit of $3,200 will apply to officials including the heads of the executive, judicial and legislative branches of government, state-run Islamic Republic News Agency cited Vice President Mohammad Bagher Nobakht as saying on Tuesday. Monthly salaries of non-government officials will be limited to about $6,200, he said.