News / Middle East

Iranian Police Clash With Protesters After Currency Plunges

VOA News
Witnesses in Iran say riot police fought with protesters Wednesday marching against the plunge in the nation's currency, the rial.

Shopkeepers in Tehran's main bazaar shut down their stalls and police reportedly have arrested illegal street currency changers.

Iranian President Mahmoud Ahmadinejad has rejected growing domestic criticism of his policies as the rial slumped to record lows against the dollar this week.

Street traders said the rial traded as low as 39,000 to the dollar on the black market Tuesday before recovering slightly. Last week it traded at about 24,000 to the dollar.

Ahmadinejad blames the plunge on what he called "psychological pressure" by Iran's enemies.

U.S. Secretary of State Hillary Clinton said Wednesday that international sanctions on Iran over its suspected nuclear weapons program have had an impact. But she said Iranian leaders and their decisions that have nothing to do with sanctions are responsible for Iran's economic problems.

She said the sanctions could be remedied in short order if Iran is willing to work sincerely with the international community on its nuclear program.

Iran's Fars news agency quoted Parliament Speaker Ali Larijani this week as saying he believes 80 percent of the country's economic problems are linked to government mismanagement.

Some information for this report was provided by AP, AFP and Reuters.

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Comment Sorting
by: Dung from: viet nam
October 04, 2012 6:33 AM
I hope that regime will be ended. I hate such a dictator, like in communist country. No democracy!
In Response

by: evrim from: turkey
October 04, 2012 4:51 PM
ı hate america ı lovr ıran

by: Poster ATAT from: US
October 03, 2012 6:25 PM
Finally. Now that Iran is having economic troubles, this is proof that negotiations and written agreements work, just as it did with Germany in the 30's, now that they're in economic crisis, they will have no choice but to cave in and be peaceful.

No falling Middle Eastern Leader would ever attack Israel, just to deflect critique and hope to unite the region away from attacking him. That could not possibly happen, especially now that Iran could destroy Israel in moments, we're all safe now.

Actually, it could, just like the past.

Those who forget history are doomed to repeat it.
In Response

by: Bobbo from: Omaha
October 04, 2012 6:16 AM
I posted the same thing on Facebook for some of my less knowledgable friends to see. Germany in the 1930's :) Not t mention this curious article..

London calling!!!!!
In Response

by: Ralph Martin from: Scottsdale, AZ
October 04, 2012 4:12 AM
Definitely I totally agree with what you are saying,

Ahmadinejad is Hitler and Iran is just growing economically and militarily just like prewar Germany. Also, like pre war Germany, Iran possesses the best scientists, engineers, and military technology in the world. We should bomb the Iranian civilians back into the stone age to avoid WWIII, we should probably kill all 70 million to be sure.

Those who make false analogies to history are doomed to be idiots.

by: MikeG
October 03, 2012 5:17 PM
Sanctions are working much faster on Iran than they did on Libya. Ghadafi was also forced to abandon his nuclear ambitions when sanctions took their toll. With uprising at the grass roots level already spilling onto the street, I'm willing to bet that after the U.S. elections, Iran will cut a deal to stop its 20% purification in return for import of the same purity from abroad. Once the election is over, Iran is convinced that the U.S. may join Israel in a strike, causing loss of face, further economic meltdown, and a threat of an overthrow of the Cleric ruling class.

by: Dr. Malek Towghi from: USA
October 03, 2012 3:21 PM
Dear Ayatollah Khamanai, An end of rhetoric against Israel and Mir Hussein Moussavi are the only solution.
In Response

by: Xira from: Austin
October 04, 2012 5:02 AM
He's only doing that to build domestic support. You know, the same way Romney whines about Russia but we know he wouldn't actually do anything.

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