"Is the currency crash an inflationary crisis? One dollar is currently worth 1.45 million Iranian rials. A year ago, the exchange rate was 820,000 rials, meaning the monthly wages of an average Iranian in full-time work are now only worth slightly more than 100 dollars. Simply buying basic food supples can easily consume the whole of a monthly income. In a heavily import-dependent country like Iran, an inflationary shock like this has immediate, destabilizing social consequences."
""As with the protests since December 2017, there's often an economic catalyst," she told DW. "But if we listen to the slogans, and the extent of the protests, it's about profound dissatisfaction with the Iranian regime and the desire for that regime to disappear.""
""We're hearing things like 'Zan, Zendegi, Azadi' Woman, Life, Freedom, a reference to the protests of 2022. We're also hearing 'Death to the dictator.' The regime has got to go," she said."
Thousands of people are protesting in Iran after a dramatic devaluation of the currency amid a historic economic crisis. The unrest began as a strike by shopkeepers and bazaar merchants and has escalated into political demonstrations, with some protesters chanting "Death to the dictator." Protests have spread from Tehran to cities such as Isfahan and Mashhad. The rial plunged to 1.45 million per US dollar from 820,000 a year earlier, reducing average full-time monthly wages to roughly $100 and making basic food unaffordable for many. Many Iranians increasingly view the collapse as a systemic failure of the regime of Ayatollah Ali Khamenei, and slogans such as 'Zan, Zendegi, Azadi' signal demands that go beyond reform toward removal of the system.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]