Iran is currently facing a severe economic crisis and political turmoil, during which the value of its currency, the Rial, has plummeted to zero in Europe. Consequently, the Iranian Rial can no longer be exchanged in European countries. The situation within Iran is so critical that locals are struggling to purchase even basic necessities. Massive protests have erupted across the nation, demanding a change in leadership amidst this economic decline.
The protests began on December 28, initially sparked by traders opposing the failing economy, rapidly increasing inflation, and the devaluation of the Rial. The Rial's value against the Indian currency has dropped to 0.000091 paisa, and against the US dollar, it's down to 0.0000010 cents. However, its value has become null compared to the Euro. This signifies that the Iranian Rial will no longer be valid in the 27 countries of Europe.
Source: aajtak
Value of Iranian Rial Hits Zero
In a matter of days, these protests evolved from economic grievances into a full-fledged political movement. Demonstrators openly challenged the religious regime, which has ruled the country since the Islamic Revolution of 1979. Late Saturday night, despite heavy security and internet shutdowns in Tehran, thousands took to the streets shouting anti-government slogans.
Source: aajtak
Activists call this the largest public movement in Iran in the past three years. Its impact is observed beyond Iran's borders, too. On January 11, 2026, a Free Iran Rally was held in Los Angeles, USA, drawing a large crowd. Visuals from the protests have been covered by international media.
Source: aajtak
Locals Struggling to Afford Essentials
The protests have entered their second week, during which security forces have intensified crackdowns. Human rights organizations report at least 544 people have died, most of them protesters. Due to strict information controls, these figures remain unverified independently. These events have elicited strong international reactions and escalated tensions between Tehran and Washington.
