Iran is witnessing extensive protests triggered by severe economic hardship due to a dramatic decline in the Rial’s value, reaching historical lows against the US dollar and gold. Public frustration is fueled by deepening unrest stemming from financial instability and political deadlock.
Iran is currently experiencing significant protests due to severe economic challenges and a dramatic decline in the value of its currency. The Iranian Rial has reached unprecedented lows, with the exchange rate against the US dollar hitting 95,300 tomans. Concurrently, gold prices have surged past 79 million tomans. This economic crisis is attributed to the continuing rejection of negotiations with the United States by Supreme Leader Ali Khamenei, which has resulted in increased market instability following years of economic pressures from US sanctions.
The combination of currency devaluation and economic hardship has led to widespread public discontent, prompting protests in various cities throughout Iran. Demonstrators are vocalizing demands for increased wages, overdue payments, and enhanced job security. Key sectors such as energy and healthcare have seen workers strike in protest against their declining living standards, while university employees and job seekers are also rallying to voice their concerns regarding salary inequalities and diminishing job prospects.
In summary, Iran is grappling with a severe economic crisis as the Rial plummets to record lows, igniting widespread protests across the nation. The unrest reflects deep public dissatisfaction with living conditions and economic policies. Demonstrators are united in their calls for financial stability, better wages, and job security amid growing frustration over the government’s handling of negotiations and sanctions from abroad.
Original Source: shafaq.com
