Iranian protesters are bringing the regime to halt over the cost of living crisis plaguing the Islamic Republic — with $1 now worth 1.4 million Iranian rials.
The demonstrations, which started earlier this week, have spread to Iran’s rural areas, where residents are facing the hardest blows in the face of Iran’s ailing economy.
While President Masoud Pezeshkian has signaled his willingness to negotiate with protests, the leader admitted that there’s not much he can do when Iran’s rial currency has plummeted to record lows.
Shopkeepers and consumers are leading the protests against Tehran over the ailing Iranian economy. FARS NEWS AGENCY/AFP via Getty Images The plummeting value of the Iranian rial, international sanctions, a shrinking GDP, and sky-high inflation have afflicted Tehran’s economy.
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!