Iran’s currency falls further against the dollar amid unrest

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Iran’s currency falls further against the dollar amid unrest
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Iran’s currency has reached its lowest value against the dollar with anti-government protests now in their third month.

This is a locator map for Iran with its capital, Tehran. – Iran’s currency fell to a record low against the dollar on Sunday, with nationwide anti-government protests now in their third month. A breakdown in negotiations to restore Tehran’s nuclear deal has also hurt the value of the rial.

Iran has been gripped by nationwide protests since September. Demonstrations broke out following the death of 22-year-old Mahsa Amini in the custody of the country’s morality police. She was detained by the force for allegedly violating the Islamic Republic’s strict dress code for women. The status of the morality police remains unclear after Iran's chief prosecutor, Mohamed Jafar Montazeri, said last week that the force had ‘’closed down.

Iran’s government for months has been trying to argue that foreign nations are driving the unrest but has offered no evidence to support this claim. Efforts to revive Iran's nuclear deal stalled months ago. The United States and European Union have since imposed further sanctions on Tehran for its crackdown on the demonstrators and its decision to supply Russia with hundreds of drones for its war against Ukraine.

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