News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
Iranian Protests Against Currency Collapse, Inflation Surge; Central Bank Governor Resigns; President Plans Financial System Reform
A large number of people took to the streets in Tehran, the capital of Iran, and other cities on Monday (29th) to protest against the soaring inflation and the collapsing national ...
Reset
Send
The window will close in 5 seconds
Iranian Protests Against Currency Collapse, Inflation Surge; Central Bank Governor Resigns; President Plans Financial System Reform
Close
Recommend
2
Positive
3
Negative
3
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get NVDA share!

A large number of people took to the streets in Tehran, the capital of Iran, and other cities on Monday (29th) to protest against the soaring inflation and the collapsing national currency, which have plunged the economy into chaos and strained household finances, The New York Times reported.

IRR fell to a historic low last weekend, as Iran's inflation accelerated to 42.2% in December. The Governor of the Central Bank of Iran, Mohammad Reza Farzin, resigned on Monday, awaiting presidential approval, local media reported. Former Minister of Economy Abdolnaser Hemmati is expected to take over the position.

Related NewsUS Mar ADP Employment Change at 62,000, Below Previous 63,000; Forecast 40,000
In June, Israel and the US jointly targeted Iranian nuclear facilities, and US President Donald Trump continued to exert maximum pressure on Iran. The Iranian economic crisis poses a significant challenge to the Tehran government.

Iranian President Masoud Pezeshkian posted on social media Monday night that he is concerned about the livelihoods of his people daily. The Iranian government plans to reform its currency and banking system to preserve the purchasing power of its citizens.


AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.