Iran appointed a new central bank governor and announced a public holiday as anger over living standards prompted the largest anti-government demonstrations in years. Abdolnaser Hemmati was confirmed as the new governor on Wednesday in the wake of the country’s biggest demonstrations in several years. The protests began on Sunday when shop owners in Tehran’s business district closed stores, with others in the historic Grand Bazaar following suit. Iran’s currency, the rial, has plunged to record lows against the dollar and the annual inflation rate has risen above 40%.
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Iran appointed a new central bank governor and announced a public holiday as anger over living standards prompted the largest anti-government demonstrations in years. Abdolnaser Hemmati was confirmed as the new governor on Wednesday in the wake of the country’s biggest demonstrations in several years. The protests began on Sunday when shop owners in Tehran’s business district closed stores, with others in the historic Grand Bazaar following suit. Iran’s currency, the rial, has plunged to record lows against the dollar and the annual inflation rate has risen above 40%.