Iran is facing widespread protests due to economic hardship and a significant drop in the Iranian Rial, which hit record lows against the US dollar. The protests are fueled by rising public frustration over financial instability and demand for better wages and job security, amidst ongoing political tensions and sanctions.

Iran is experiencing an unprecedented wave of protests driven by severe economic hardship and a steep decline in currency value. The Iranian Rial has plummeted to new lows, with the exchange rate against the US dollar becoming 95,300 tomans, and the price of gold exceeding 79 million tomans. This economic turmoil has intensified frustrations over ongoing financial instability and political deadlock within the country.

The crisis was exacerbated when Supreme Leader Ali Khamenei reiterated his stance against negotiations with the United States. This position generated increased uncertainty in financial markets, particularly as Iran continues to deal with the aftermath of former President Trump’s stringent sanctions. These sanctions critically cut off Iran’s access to global markets and have significantly contributed to soaring inflation rates.

Protests have erupted in various Iranian cities, with demonstrators calling for higher wages, overdue payments from employers, and assurances of job security. Key sectors, such as energy and healthcare, have witnessed strikes, with workers expressing their discontent over worsening living conditions. Additionally, university employees and job seekers have protested against disparities in salaries and diminishing job opportunities.

The ongoing protests in Iran highlight the intersection of economic distress and political tensions that are fueling public discontent. The historically low value of the Iranian Rial, coupled with long-standing sanctions and the rejection of negotiations with the US, has led to widespread unrest and demands for government accountability regarding wages and employment.

Original Source: shafaq.com