Overview
- Stores in central Tehran closed for a second day as crowds gathered around major bazaars to protest the deteriorating economy and currency collapse.
- The rial traded above 1.4 million per US dollar on the informal market, compared with about 820,000 a year ago, driving rapid price surges and frozen transactions.
- Local outlet Ilna reported demands for immediate government action to curb exchange‑rate volatility and to set a clear economic strategy.
- President Massoud Pezeshkian moved to replace the central bank governor, with presidential communications saying Abdolnasser Hemmati will take the post.
- Judiciary chief Gholamhossein Mohseni Ejeï ordered swift penalties for those blamed for currency fluctuations, as a proposed 20% wage rise trails the official 52% annual inflation rate.