Iran’s Currency Collapse Pushes Protesters to the Streets
AI Summary
Protests erupted in Tehran and other Iranian cities on Monday, December 29, 2025, due to soaring inflation and the collapse of the national currency. The Iranian currency reached a record low against the U.S. dollar, with annual inflation rising to 42.2 percent in December. Amid the economic turmoil, the head of Iran’s central bank, Mohammad Reza Farzin, resigned, with Abdolnaser Hemmati expected to replace him. President Masoud Pezeshkian acknowledged the crisis, attributing it to past government decisions. Experts cite poor management, closed economic policies, U.S. sanctions, and the war with Israel as factors contributing to Iran's economic problems. Security forces have reportedly used tear gas to disperse protesters.
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