Jackie Northam
๐ค SpeakerAppearances Over Time
Podcast Appearances
Security forces are starting to crack down.
Videos on social media show them firing tear gas into the crowds.
Iran's moderate president, Massoud Pazeshkian, is urging the regime to listen to what he calls the legitimate demands of the protesters.
Well, what started this round of protests was, as you say, the economy, which is in very bad shape.
You know, Iran has struggled under sanctions for more than a decade.
And because of that, its oil exports, which are the lifeblood of the country's economy, are sharply curtailed.
And so, too, is investment.
The local currency, the riel, has plummeted.
Inflation is running over 40%.
And the government recently published a draft of the budget which predicted that the real incomes of the salaried middle class will fall by about half.
So on top of everything else, that seemed to ignite these protests.
We're starting to see the security forces crack down.
You know, there are videos on social media showing them firing tear gas into the crowds.
Also, the authorities today announced a shutdown of government offices, banks, schools, universities across more than 20 provinces.
And they said it was due to cold weather.
They didn't mention the protests.
The country's moderate president, Massoud Pazeshkian, is urging the regime to listen to what he called the legitimate demands of the protesters.
As far as the economy, the head of the central bank resigned, and the bank started throwing U.S.
dollars into the market to help prop up the Riel, which helped a bit, but, you know, it doesn't have unlimited resources to do that.