Iranian President Masoud Pezeshkian has vowed to address the economic crisis and protect the purchasing power of Iranians as protests erupt in Tehran over the plummeting rial and high inflation. He emphasized the government’s commitment to reform the monetary system and engage in dialogue with protesters. The demonstrations, triggered by the currency’s record low against the US dollar, have seen shopkeepers close businesses and take to the streets. The ongoing economic challenges are compounded by international sanctions and regional tensions.
