Iran: Protests continues for third day after currency hits record low

Protests and strikes in Iran continues for third consecutive day over inflation and currency devaluation that has spread across capital Tehran to several other cities with hundreds marching in streets.

The protests began on Sunday December 28,2025 after shopkeepers in Tehran's Grand Bazaar staged a strike when the Iranian rial hit a record low against the US dollar on the open market.

Since then, the Persian have shown demonstrations in the cities of Karaj, Hamedan, Qeshm, Malard, Isfahan, Kermanshah, Shiraz and Yazd.

Police were also seen using tear gas in an attempt to disperse demonstrators.

The Iranian government said it “recognizes the protests" and would listen "with patience, even if it is confronted with harsh voices.”

President Masoud Pezeshkian wrote on X late on Monday that he had instructed the interior minister to hold talks with what he described as "representatives" of the protesters so that measures could be taken "to resolve the problems and act responsibly.”

He also accepted the resignation of Iran's central bank governor, Mohammadreza Farzin, and named former economy and finance minister Abdolnasser Hemmati to replace him.

University students have also joined the protests, chanting anti-government slogans including "Death to the dictator" - a reference to the Supreme Leader, Ayatollah Ali Khamenei, who holds ultimate power in Iran.

Some protesters were also heard chanting slogans in support of the son of the late Shah Mohammad Reza Pahlavi, who was overthrown in the 1979 Islamic Revolution, including "Long live the Shah".

In response, Reza Pahlavi, who lives in exile in the United States, wrote on X: "I am with you. Victory is ours because our cause is just and because we are united."

"As long as this regime remains in power, the country's economic situation will continue to deteriorate," he added.

The US state department's Persian-language account on X also expressed support for the protests.

It said the US "praises their courage" and stands with those seeking "dignity and a better future" after years of failed policies and economic mismanagement.

Trump declined to say whether he supported regime change in Iran, but shared his views at a joint news conference,"They've got a lot of problems: tremendous inflation, their economy is bust, their economy is no good, and I know people aren't so happy,"Reports BBC.