Overview
- President Masud Pezeshkian instructed Interior Minister Eskandar Momeni to meet representatives and hear lawful demands from demonstrators.
- Central bank governor Mohammad Farzin resigned, and ex–economy and finance minister Abdolnaser Hemmati is set to take the post, according to a presidential aide.
- Pezeshkian said fundamental banking and financial reforms are planned to protect purchasing power.
- The dollar trades around 1.385–1.4 million rials on the free market after an 83.8% annual rise, while the central bank reports annual inflation at 38.9%.
- Merchant rallies on December 29 concentrated on Islamic Republic Street in central Tehran, and a government spokesperson affirmed the public’s right to protest as state-linked reports noted little support for anti-government slogans.