US EditionExplainer: Iran’s economy faces rocky road amid rising prices, falling currency
Since 2020, the rial lost nearly 800% of its value, pushing inflation above 40% and sparking protests by traders and workers nationwide.
8 Articles
8 Articles
The Iranian currency is constantly losing value. For the population this is dramatic.
Iran’s economy is going through one of its most difficult periods in years, driven by sanctions, high inflation and a sharp decline in the value of its currency, the rial. These pressures have a direct impact on living standards, and the nation’s discontent is a breeding ground for revolt, as the eruption of massive protests in Iran at the turn of the century attests. The protests began on December 28 in shopping malls in the capital, Tehran, wh…
Iran faces deepening economic crisis as Rial collapse
Iran is experiencing one of its most difficult economic periods in years, driven by international sanctions, persistently high inflation, and a sharp collapse in the national currency, the rial. These pressures have severely eroded living standards and triggered widespread public unrest across the country. The protests began on December 28 in Tehran’s main commercial districts, where shopkeepers, merchants, and small business owners launched str…
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