Iran's currency falls to record low after nationwide protests sparked by economic woes
The Hindu
IIran's currency, the rial, fell to a record low of 1.5 million to $1, as a bloody crackdown on nationwide protests killed at least 6,126 people.
Iran's bloody crackdown on nationwide protests killed at least 6,126 people while many others still are feared dead, activists said Tuesday (January 27, 2026), as a U.S. aircraft carrier group arrived in West Asia to lead any American military response to the crisis.
Iran's currency, the rial, meanwhile fell to a record low of 1.5 million to $1.
The arrival of the USS Abraham Lincoln aircraft carrier and guided missile destroyers accompanying it provide the U.S. the ability to strike Iran, particularly as Gulf Arab states have signalled they want to stay out of any attack despite hosting American military personnel.
Two Iranian-backed militias in the Mideast have signalled their willingness to launch new attacks, likely trying to back Iran after U.S. President Donald Trump threatened military action over the killing of peaceful protesters or Tehran launching mass executions in the wake of the demonstrations.
Iran has repeatedly threatened to drag the entire West Asia into a war, though its air defences and military are still reeling after the June war launched by Israel against the country. But the pressure on its economy may spark new unrest as everyday goods slowly go out of reach of its people.
The new figures Tuesday (January 27, 2026) came from the U.S.-based Human Rights Activists News Agency, which has been accurate in multiple rounds of unrest in Iran. The group verifies each death with a network of activists on the ground in Iran.
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