Falling Inflation... Protests in Iran
Iran is grappling with an economic crisis. The country's currency has plummeted drastically, falling to 1.38 million against the dollar. Iran's situation has been devastated by nuclear sanctions. Due to the currency depreciation, inflation has reached 42.2%. Food prices have increased by 72%. As a result, people have taken to the streets in protest in Tehran, Isfahan, Shiraz, and Mashhad cities. The Central Bank chief, Mohammad Reza, has resigned.
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