Iran's Central Bank Head Resigns Amid Economic Crisis

The historic decline of Iran's currency, the rial, has fueled public anger over rising inflation and economic hardship, leading to nationwide protests that have resulted in the resignation of the country's central bank chief, Mohammad Reza Farzin.

According to Iranian state television, Farzin resigned after protesters took to the streets in Tehran and other major cities, The Caspian Post reports, citing foreign media.

Traders and shopkeepers protested in the central Tehran area of ​​Saadi Street and the Shush area near the central Grand Bazaar.

Historically, these areas are considered important centers of political change, as this very bazaar was also a symbol of change during the 1979 Islamic Revolution.

The American news agency ‘Associated Press’ reported that demonstrations were also seen in Isfahan, Shiraz and Mashhad, with police using tear gas in some areas to disperse the protesters.