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(Al-Monitor) On Feb. 23, Iran's rial currency nosedived to a new record low, trading at 52,650 rials to the dollar. A sharp increase in food prices has been particularly biting in recent months. Videos on social media showed protesters chanting against the government as they complained that their incomes were in rials while prices were calculated based on dollars. After the pro-reform newspaper Sazandegi highlighted skyrocketing meat prices, a government media supervisory body closed the paper for "disturbing public opinion."2023-02-27 00:00:00Full Article
Iran's Currency Dips to All-Time Low, Basic Prices Skyrocket
(Al-Monitor) On Feb. 23, Iran's rial currency nosedived to a new record low, trading at 52,650 rials to the dollar. A sharp increase in food prices has been particularly biting in recent months. Videos on social media showed protesters chanting against the government as they complained that their incomes were in rials while prices were calculated based on dollars. After the pro-reform newspaper Sazandegi highlighted skyrocketing meat prices, a government media supervisory body closed the paper for "disturbing public opinion."2023-02-27 00:00:00Full Article
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