Iran to try risky economic concessions as it attempts to quell protesters’ anger

Iran to try risky economic concessions as it attempts to quell protesters’ anger

The Guardianworld

Key Points:

  • Protests in Iran have entered their ninth day, spreading to 26 of 31 provinces, with over 20 reported deaths and nearly 1,000 arrests amid demands for political change, anti-corruption measures, and relief for the poor.
  • President Masoud Pezeshkian announced reforms to the foreign exchange subsidy system, aiming to reduce corruption by replacing indirect subsidies with direct consumer payments, though some food prices may temporarily rise.
  • Inflation reached 52.6% in December, and the collapsing rial has fueled widespread unrest, with security forces reportedly using force against protesters, including an incident at Imam Khomeini hospital in Malekshahi.
  • Iranian judiciary head Gholamhossein Mohseni Eje