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Iranian traders and shopkeepers protest as currency hits record low

Iranian traders and shopkeepers have launched a second day of protests in Tehran as the national currency plunges to a new record low against the dollar. Demonstrations erupted in key commercial areas, including Saadi Street and the Shush neighborhood near the Grand Bazaar, with many businesses closing in solidarity. The sharp depreciation of the rial is worsening inflation, driving up the cost of food and essentials, and fueling public frustration amid recent gasoline price changes and looming tax hikes. The currency crisis comes amid renewed international sanctions, ongoing economic uncertainty, and fears of escalating regional conflict, deepening concerns about the country's economic stability.

Witnesses reported heightened security but no police raids during the protests, while official statistics show inflation and food prices soaring compared to last year. The government faces mounting pressure as Iranians grapple with shrinking purchasing power and anxieties over the future.

Original article source: https://www.dailymail.co.uk/wires/ap/article-15419211/Iranian-traders-shopkeepers-protest-currency-hits-record-low.html
Source Id: 2025-12-935868306

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