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What caused Iran's rial to plunge to 1.42 million per US dollar?
The rial's sharp decline is mainly due to years of US sanctions reimposed after 2018, which have severely restricted Iran's economy. These sanctions, combined with internal economic mismanagement and external geopolitical tensions, have led to a loss of confidence in the currency, causing it to depreciate rapidly to record lows.
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How are Iranians reacting to the inflation and economic hardship?
Many Iranians are protesting against the rising inflation, which has exceeded 42%, and the declining value of their currency. Shopkeepers, students, and bazaar merchants are among those voicing their frustration, with some chanting slogans supporting political change. The economic strain has led to widespread unrest, with protests spreading across cities and universities.
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What are the Iranian government’s plans for economic reform and dialogue?
The government has acknowledged the unrest and promised to engage in dialogue with protest leaders. Officials are also discussing economic reforms, including plans to increase taxes and stabilize the currency. However, critics remain skeptical about the government's ability to implement effective solutions amid ongoing economic and political challenges.
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How do US and Israeli strikes influence Iran’s protests?
Recent US and Israeli military actions in 2025, along with renewed sanctions, have heightened tensions and added external pressure on Iran. These strikes are seen by many Iranians as external threats that exacerbate their economic and security concerns, fueling further protests and national unrest.
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What is the role of the bazaar and merchants in the protests?
The Grand Bazaar and other merchant groups have played a significant role in the protests, with many shopkeepers supporting the demonstrations and chanting slogans against the government. The bazaar's involvement underscores the economic roots of the unrest and the widespread dissatisfaction among Iran’s business community.
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Could these protests lead to political change in Iran?
While the protests reflect deep economic and social discontent, whether they will lead to significant political change remains uncertain. The government has promised reforms and dialogue, but past crackdowns and political repression suggest that the situation could escalate or be contained, depending on how authorities respond.