💰 Protests Erupt in Iran Amid Currency Collapse and Rising Inflation

🚨 Nationwide protests have erupted in Iran as the country's currency, the rial, plummets to a record low against the US dollar, leading to critical levels of inflation and the resignation of the Central Bank governor. Demonstrations took place in #major cities including Tehran, Isfahan, Shiraz, and Mashhad, with traders and shopkeepers voicing their grievances. 📉 The rial has dramatically depreciated, now standing at 1.38 million to the dollar, a sharp decline from 32,000 rials per dollar in 2015. This economic crisis is characterized by severe inflation, with December's rate reaching 42.2% and significant increases in food prices (up 72%) and health items (up 50%) compared to the previous year. The situation has been exacerbated by international sanctions and regional tensions. These are the largest protests in Iran since the 2022 demonstrations following Mahsa Jina Amini’s death. 📅 The current unrest marks the largest protests since those in 2022, highlighting the public's frustration over the deteriorating economic conditions. Factors contributing to the unrest include currency depreciation, high inflation rates, potential tax increases, and uncertainty from regional conflicts. #crypto