Iran Currency Collapse Fuels Protests Amid Regime’s Weakening Grip
Iran’s currency collapse sparks second day of protests, and the situation feels like a pressure cooker on the verge of exploding. The plummeting value of the Iranian rial against the dollar is making life increasingly difficult for ordinary citizens, triggering public demonstrations. This isn’t just about economic hardship; it’s a symptom of deeper structural problems, including corruption, inequality, and a severe water crisis, all of which have been brewing for some time. The question on everyone’s mind seems to be whether these protests will finally lead to meaningful change in Iran.
The precipitous decline of the rial is staggering. It’s difficult to fathom the speed at which the currency has lost value, effectively turning many Iranians into overnight “trillionaires” in their own currency, yet leaving them unable to afford basic necessities.… Continue reading
Matt Underwood