TEHRAN: The head of Iran’s Central Bank resigned on Monday as protests erupted in Tehran and several other cities after the country’s currency plummeted to a new record low against the US dollar. State TV reported the resignation of Mohammed Reza Farzin, as hundreds of traders and shopkeepers rallied on Saadi Street in downtown Tehran and in the Shush neighborhood near Tehran’s main Grand Bazaar. The official IRNA news agency confirmed protest gatherings.

Hundreds of traders and shopkeepers rallied in Saadi Street in central Tehran

TEHRAN: The head of Iran’s Central Bank resigned on Monday as protests erupted in Tehran and several other cities after the country’s currency plummeted to a new record low…

The Iranian rial hit a record low against the US dollar on Sunday, prompting shopkeepers in Tehran to stage protests, which have quickly spread.