Friday, January 23, 2026
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Iran Saw Protests for the Third Day as the Country’s Currency fell to a Record Low

On the third day of turmoil, Iranian protests and strikes over inflation and currency depreciation have expanded beyond Tehran, the country’s capital, to a number of other cities. When the Iranian rial touched a record low against the US dollar on the open market on Sunday, shopkeepers in Tehran’s Grand Bazaar launched a strike, sparking the protests.

Since then, protests have been captured on camera in the cities of Karaj, Hamedan, Qeshm, Malard, Isfahan, Kermanshah, Shiraz, and Yazd, according to BBC Persian. Tear gas was also observed being used by police to try to scatter protesters. The Iranian government declared that it “recognizes the protests and would listen with patience, even if it is confronted with harsh voices.

Late on Monday, President Masoud Pezeshkian posted on X that he had instructed the interior minister to meet with “representatives” of the demonstrators to take action “to resolve the problems and act responsibly.

Additionally, he accepted Mohammadreza Farzin’s resignation as governor of Iran’s central bank and appointed Abdolnasser Hemmati, a former minister of finance and economy, to succeed him. Chanting anti-government slogans, such as “Death to the dictator a reference to Iran’s supreme leader, Ayatollah Ali Khamenei, university students have also joined the demonstrations.

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Friday, January 23, 2026

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