What's gone wrong with Iran's economy?

Iran's economic crisis and its impact on recent mass demonstrations are examined, focusing on the collapse of the currency, the impact of sanctions, and the effects of corruption. Arash Azizi, author of "What Iranians Want," describes the increasing difficulty for ordinary Iranians to afford basic necessities like meat and rent, highlighting a decline in living standards compared to 20 years ago. Economist Mahdi Godzai attributes the currency collapse to sanctions, a lack of currency reserves, and geopolitical tensions, while also explaining how the government's scrapping of the preferential exchange rate system led to further economic strain. Negar Motazavi, host of the Eye for Iran podcast, discusses how corruption and sanctions profiteering have exacerbated economic inequality, and she suggests that a change in foreign policy may be necessary to alleviate the crisis.