Overview
- Merchants shut shops and rallied in Tehran’s commercial districts after the rial hit about 1.42 million per US dollar on the black market before a slight recovery.
- Demonstrations spread beyond the capital to cities including Isfahan, Shiraz, Mashhad, Kerman and Qeshm, with student gatherings reported at major universities.
- President Massud Peseschkian called traders’ demands legitimate, ordered the Interior Ministry to engage representatives, and met business groups as officials floated tax relief steps.
- Mohammad Reza Farzin stepped down as central bank governor and Abdolnasser Hemmati was named to succeed him, according to state-linked outlets.
- Security forces used crowd‑control measures such as tear gas and the judiciary warned currency hoarding would be prosecuted, while authorities maintained a visible police presence in protest areas.