Protests Erupt in Iran as Currency Plummets to Record Low
Iran is witnessing its largest protests in three years after the rial hit a record low against the US dollar, prompting the Central Bank chief to resign. Demonstrations erupted in Tehran and other major cities, with merchants closing shops in solidarity, reminiscent of the 1979 Islamic Revolution.
The rial's rapid depreciation, now trading at 1.38 million to the dollar, is fueling inflation, with food prices soaring 72%. Experts warn of potential hyperinflation as the government plans tax increases. The situation raises concerns over economic stability and possible renewed conflict in the region.
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https://www.cnn.com/2025/12/29/middleeast/iran-protests-currency-low-latam-intl