Economic Turmoil and Currency Decline Ignite Protests in Iran

Iran is witnessing extensive protests fueled by economic difficulties and a plummeting currency. The Rial’s fall to record lows and drastic inflation are exacerbated by political stasis and the rejection of negotiations with the United States. Demonstrators are vocally addressing demands such as wage increases and job security, leading to significant unrest across various sectors.

Iran is currently experiencing a significant wave of protests, largely stemming from economic hardships and the devaluation of its currency. The Iranian Rial has fallen to unprecedented lows, with the exchange rate against the US dollar reaching 95,300 tomans and gold bullion exceeding 79 million tomans. This crisis has worsened following Supreme Leader Ali Khamenei’s reiterated stance against negotiations with the United States, contributing to market tumult, particularly after years of stringent sanctions under the Trump administration’s “maximum pressure” policy, which critically limited Iran’s access to global financial markets and inflated prices dramatically.

The protests in Iran exemplify the mounting public discontent driven by severe economic conditions and political stagnation. As the Iranian Rial continues its decline and inflation rises, the populace’s frustration has culminated in widespread demonstrations demanding better wages, job security, and an end to economic mismanagement. Unemployment and wage disparities only fuel the unrest, demonstrating the profound need for systemic change.

Original Source: shafaq.com