By Admin 
Iran’s Protest After Currency Falls: At present, there is weakness in the currencies of many countries of the world and Iran is also not untouched by this. After the huge fall in the local currency Rial in Iran, the situation worsened so much that this economic crisis turned into a big mass movement. On Monday, the country witnessed the biggest protests in the last three years after the Riyal weakened sharply against the US dollar.
Iran’s Central Bank chief Mohammad Reza Farzin resigned from his post amid pressure from people angry over rising inflation and wildly rising prices of everyday goods. The state television channel confirmed that the Central Bank Chief took this step after protesters took to the streets in several major cities including Tehran.
People are agitated due to fall in Riyal.
According to the Associated Press (AP) report, traders and shopkeepers rallied in Saadi Street and Shush area near the main Grand Bazaar in the downtown area of the capital Tehran. The Grand Bazaar and its surrounding areas are considered a strong symbol of political change in Iran, as its merchants provided decisive support to the movement during the 1979 Islamic Revolution. In such a situation, the traders taking to the streets in these areas is being seen not only as economic dissatisfaction but also as a serious political message for the government. According to eyewitnesses, many traders closed their shops in protest and appealed to others to do the same.
The demonstration was not limited to Tehran only. Eyewitnesses have also claimed protests in major cities like Isfahan, Shiraz and Mashhad. At the same time, according to government news agency IRNA, police fired tear gas shells in some areas of Tehran to disperse the crowd. This demonstration is considered to be the biggest movement after 2022. There were months of widespread protests across the country following the death in police custody of 22-year-old Mahsa Zeena Amini, who was arrested for allegedly violating hijab rules at the time.
Big performance in three years
It is noteworthy that this crisis has deepened at a time when the Iranian Rial had fallen to the level of about 14.2 lakh against the dollar on Sunday. However, on Monday there was a slight recovery and the Riyal was seen trading around 18.3 lakh per dollar. When Mohammad Raza Farzeen took over as the Central Bank chief in the year 2022, the Riyal was at the level of around 4.30 lakh against the dollar. The current decline has badly affected the purchasing power of the general public and this anger is now coming out in the form of widespread protests on the streets.
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