December 29, 2025
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Iranian currency collapse prompts traders' protests as inflation, sanctions, fuel pricing and tax plans amplify market distress.
Rapid depreciation of the rial to about 1.4 million per dollar has spurred traders' protests and shop shutdowns as inflation surges. Reported drivers include recent fuel price changes, proposed tax increases, reimposed international sanctions and asset freezes through a UN "snapback," and geopolitical tensions, all cited as exacerbating capital flight, market anxiety, and sharp currency loss, while official statistics show large year-on-year rises in food and medical prices.