Amid the continued rapid decline in the value of the rial, as the dollar exchange rate reached 145,000 tomans, Tehran's bazaar and commercial areas experienced widespread protests, with merchants closing their shops and going on strike.
The main centers of these protests were Alaeddin Passage, Charsou Shopping Complex on Jomhouri Street, Ahangaran Street in Tehran's Grand Bazaar, Cheragh Bargh, Shush Bazaar, and the street of mobile phone sellers in Pakdasht. Shopkeepers closed their shops and took to the streets, chanting "Close, close" and "Support, support", encouraging other merchants to close their shops. They chanted slogans such as "The merchant will die but will not accept humiliation" and "Don't be afraid, don't be afraid, we are all together".
Fearing an escalation of the popular uprising, the IRGC declared a 100% state of alert throughout Tehran.
On December 26, the state-run website Khabar Online quoted state economists as saying: "The legitimacy of the Islamic Republic's system has reached an all-time low... Corruption has infiltrated all parts of the apparatus, in the distribution of gasoline, the distribution of value, exports and imports. There are no reliable and real statistics in any field... The Iranian nation has now been plundered. 40 percent of the total assets of Iran's banking network are imaginary, meaning they do not exist."
Hossein Marashi, a former vice president of the regime, said: “For the past 20 years, Iran’s economy has been hostage to the nuclear issue… The inflation rate of 37% at the end of 1403 [March 2025] has now reached over 53% and will certainly exceed 55% by the end of the year… The food supply crisis has the potential to drive hungry people out onto the streets… The country is facing an unprecedented crisis” (State-run Sazandegi Newspaper – December 12, 2025).
Ms. Maryam Rajavi, President-elect of the National Council of Resistance of Iran, greeted the honorable merchants of Tehran who protested against the clerical regime's oppression, saying: The rapid devaluation of the currency, galloping high inflation, unprecedented recession, and systematic government discrimination along with corruption have angered the vast majority of the people of Iran. The only way is protest and resistance.
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