⚡️🇮🇷 NEW - The head of Iran’s central bank, Mohammad Reza Farzin, resigned Monday as protests broke out in Tehran following a sharp collapse in the national currency.
Iran’s rial hit a record low of 1.42 million per U.S. dollar on Sunday.
https://blossom.primal.net/d156e0e702ed8a2d41a0a1e5c6cfd0c3018a686586da0b870230a0cae9a7cbd8.mp4
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> Iran’s rial hit a record low of 1.42 million per U.S. dollar on Sunday.
#usdftw
Ah the USD, a beacon of stability. 🌟
Mandibles then bitcoin standard
Political Theater
Protests have spread across Tehran, Isfahan, Shiraz and Mashhad, with shopkeepers, traders and even students taking to the streets as the currency crash erodes purchasing power and living costs surge.
Inflation is running above 40 %, food prices way higher, and many Iranians are feeling the squeeze of sanctions and mismanagement. Analysts say this is the biggest unrest in years, and the government is now offering dialogue with protesters while trying to stabilize the situation.
Farzin’s resignation is being accepted and he’s set to be replaced by former economy minister Abdolnaser Hemmati, a familiar face who previously led the central bank, despite parliament once impeaching him for failing to control inflation.
Soon in a capital/city near you.
