Protests Escalate In Iran – Currency Hits New Low
The Noah Report homepage has 60 new headlines every 24 hours - click here to see it.
Protests against the Iranian regime are growing.
Demonstrators clashed with security forces in the country.
Protests escalated across Iran on Monday as demonstrators confronted security forces in Tehran and Mashhad, with authorities deploying tear gas amid strikes and street clashes, according to reports.
An Iranian opposition group, the National Council of Resistance of Iran, reported that a large crowd of demonstrators marched along Jomhouri (Republic) Street before moving into nearby areas, including Naser Khosrow Street and Istanbul Square in Tehran.
Central parts of Tehran turned into flashpoints as protesters and regime security forces engaged in running street clashes near major government and commercial areas.
Police units fired tear gas and used batons to break up crowds in the city center, according to accounts from the scene.
…
Nationwide strikes and protests by merchants continued across Iran, with shops shuttered in major commercial hubs including Tehran’s Grand Bazaar, Lalehzar Street, Naser Khosrow and Istanbul Square. Demonstrators chanted anti-government slogans calling for the downfall of the ruling clerics and demanding the leadership step aside.
Iranian currency plunged to a record low.
Monday’s protests were the biggest since 2022.
Iran’s largest protests in three years erupted Monday after the country’s currency plummeted to a record low against the U.S. dollar, and the head of the Central Bank resigned.
State TV reported the resignation of Mohammad Reza Farzin, while traders and shopkeepers rallied in Saadi Street in downtown Tehran as well as in the Shush neighborhood near Tehran’s main Grand Bazaar. Merchants at the market played a crucial role in the 1979 Islamic Revolution that ousted the monarchy and brought Islamists to power.
…
Monday’s protests were the biggest since 2022, when the death of 22-year-old Mahsa Jina Amini in police custody triggered nationwide demonstrations. She was arrested by the country’s morality police for allegedly not wearing her hijab properly.
…
Iran’s rial on Sunday plunged to 1.42 million to the dollar. On Monday, it traded at 1.38 million to the dollar.
