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The Independent UK
The Independent UK
Holly Evans

Protests and strikes erupt after Iran’s central bank governor resigns as currency spirals

A currency exchange bureau worker counts U.S. dollars in Tehran - (Copyright 2025 The Associated Press. All rights reserved)

The head of Iran's Central Bank has resigned as protests erupted in Tehran and several other cities after the country's currency plummeted to a new record low against the US dollar.

The resignation of Mohammad Reza Farzin was reported by state TV, as hundreds of traders and shopkeepers rallied in Saadi Street in central Tehran as well as in the Shush neighbourhood near Tehran's main Grand Bazaar.

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