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The Economic Times News

Economy / The Economic Times

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Iran's currency collapse: A multi-crisis grips Islamic republic

Iran is facing its most serious unrest since 2022, with protests triggered by a sharp currency collapse quickly turning into open political dissent. As the rial hit record lows and prices of basic goods surged, demonstrations that began with shopkeepers spread across major cities and evolved into calls against Irans clerical leadership, including Supreme Leader Ayatollah Ali Khamenei.

2 Jan 2026 7:56 pm