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The Economic Times

National / The Economic Times

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What led to the violent protests in Iran? A bank - here's the real story

A major Iranian bank's collapse triggered widespread economic hardship. Millions lost savings as Ayandeh Bank failed with billions in losses. This led to protests across Iran. The government's response included printing money and cutting subsidies. Sanctions and regional conflicts also worsened the situation. The economic turmoil highlights deep-seated corruption and inequality.

15 Jan 2026 10:51 pm