US EditionIran Replaces Central Bank Chief as Protests Spread Nationwide
The new central bank governor will focus on inflation control and currency stabilization as protests over a 40% rial depreciation and soaring living costs spread nationwide.
- On the third day of unrest, protests and strikes spread across Iran after shopkeepers in Tehran's Grand Bazaar staged a strike on Sunday when the rial hit a record low, with BBC Persian verifying videos from Karaj, Hamedan, Qeshm, Malard, Isfahan, Kermanshah, Shiraz and Yazd.
- Economic frustration over inflation and currency loss drove unrest, as President Donald Trump said Iran faces tremendous inflation and a weak economy, criticizing the regime's stewardship.
- University students joined the demonstrations, chanting anti-government slogans referencing Supreme Leader Ayatollah Ali Khamenei, while Iranian police used tear gas and some protesters voiced support for the son of the late Shah Mohammad Reza Pahlavi.
- President Masoud Pezeshkian accepted Mohammadreza Farzin, central bank governor's resignation, named Abdolnasser Hemmati replacement, and instructed the interior minister to hold talks with protesters' representatives.
- The US State Department's Persian-language account on X supported protests, and Reza Pahlavi, in exile in the US, wrote `I am with you`. Khamenei said, `They wanted to create sedition on the streets... But people were absolutely not influenced by what the enemy wanted.
159 Articles
159 Articles
TEHERÁN. – The Iranian judiciary warned that it will act with “firmity” if protests against the high cost of living result in attempts to “destabilize”, in a context of growing social unrest over the hyperinflation and economic crisis that the country is going through. The demonstrations, initiated on Sunday in Tehran’s largest mobile phone market, expanded in recent days to other commercial sectors, trade unions and universities, and are alread…
Following the resignation of Mohammad Reza Farzin, the cabinet of President Masoud Pezeshkian appointed Abdolnasser Hemmati
Iran is currently grappling with a severe economic and social crisis. The country's currency, the rial, has hit an all-time low against the US dollar, sparking widespread protests in Tehran and several other major cities. Central Bank chief Mohammad Reza Farzin has resigned under pressure.
Iran's attorney general said on Wednesday that protests sweeping the country over an economic crisis were legitimate, but any attempts to create a sense of insecurity would be met with a decisive response.
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