Overview
- The rial fell to record lows on the unregulated market near 1.42–1.45 million per US dollar before easing to about 1.38 million on Monday.
- Shopkeepers in central districts including the Grand Bazaar, Saadi Street, Shush, and the Jomhouri mobile-phone markets shut stores and rallied for a second day.
- Security forces deployed in downtown Tehran, with reports and images indicating tear gas use and limited clashes as some state outlets acknowledged the unrest.
- The presidency accepted Central Bank governor Mohammad Reza Farzin’s resignation and named Abdolnaser Hemmati as his replacement following urgent economic meetings.
- Official data show annual inflation above 40% with food prices up around 70%, while UN snapback sanctions and mid-2025 strikes on Iranian sites have tightened access to hard currency.