Iran: in three months, the value of the currency has fallen by more than 22% against the dollar

The main old bazaar in Tehran, Iran, on December 5, 2022 (photo illustration).

AP - Vahid Salemi

Text by: RFI Follow

1 min

Three months after the beginning of the protest movement following the death of the young Iranian Kurd Mahsa Amini during her detention by the morality police, there is a sharp deterioration in the economic situation.


Read more

With our correspondent in Tehran,

Siavosh Ghazi

According to videos shared on social networks, there have been new demonstrations in the city of Zahedan, which is the capital of the province of Sistan-Balochistan where a large Sunni minority lives.

The demonstrators launched slogans against the government and its leaders.

But elsewhere in the country, notably in Tehran, there are significantly fewer demonstrations.

Small gatherings have taken place in recent days in Tehran, in the provinces, but this is without comparison to what took place a month or two ago.

While around twenty people have been sentenced to death, the authorities have announced some appeasement measures.

Several young people under the age of 18 have been released after their parents appealed to the authorities for clemency.

Similarly, several death sentences have been suspended.

►Also read: Iran: another protester executed in public

In this context, the economic situation has deteriorated very sharply since September.

An economy already under pressure because of US sanctions.

In three months, the value of the Iranian currency has fallen by more than 22% against the dollar and other foreign currencies.

The price of all daily consumer products increases week after week.

An economic situation that hits the middle and poor classes hard and can fuel discontent across the country.

►Also read: Touraj Atabaki, historian: "We are witnessing the beginning of the end of the Islamic regime in Iran"


Receive all the international news directly in your mailbox

I subscribe

Follow all the international news by downloading the RFI application

  • Iran

  • Company

  • Economy

  • Currencies