The Iranian rial has dropped by 96% after the anti-regime protests, and the authorities have intensified repression.

The Iranian rial has suffered a dramatic collapse of 96%, reaching an exchange rate of $0.00000100298, following massive protests that erupted in the country. These disturbances, fueled by economic grievances, quickly transformed into anti-regime protests. In an attempt to control the situation, Iranian authorities have arrested dozens of people and announced the deployment of troops to protect strategic infrastructure.

Since the beginning of the protests, the death toll has risen to 65, including 14 members of the security forces, and over 2,000 people have been arrested. Hospitals in Tehran and Shiraz are facing an influx of injured, and the regime has imposed an internet blackout, fearing an escalation of violence. Diplomats fear that this interruption could be used to intensify repression.