News / Middle East

Shops Remain Closed After Iran Currency Clashes

In this photo taken by an individual not employed by the Associated Press and obtained by the AP outside Iran, an Iranian fire fighter extinguishes a burned motorcycle in a street in central Tehran, near Tehran's old main bazaar, October 3, 2012.
In this photo taken by an individual not employed by the Associated Press and obtained by the AP outside Iran, an Iranian fire fighter extinguishes a burned motorcycle in a street in central Tehran, near Tehran's old main bazaar, October 3, 2012.
VOA News
Shops in the Iranian capital's main bazaar have mostly remained shut Thursday, a day after riot police clashed with protesters upset by the plunge in the nation's currency, the rial.

Witnesses said only a few shops were open and that police were patrolling the area in central Tehran. 

Shopkeepers shut down their stalls Wednesday as police fought with protesters and arrested money changers.

The rial has lost about a third of its value this week.

Value of RialValue of Rial
x
Value of Rial
Value of Rial
Iranian President Mahmoud Ahmadinejad has rejected growing domestic criticism of his policies amid the slide.  He 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 AFP and Reuters.

You May Like

Turkey's Controversial Reform Bill Giving Investors Jitters

Homeland security reform bill will give police new powers in search, seizure, detention and arrests, while restricting the rights of suspects, their attorneys More

Audio Slideshow In Kenyan Prison, Good Grades Are Path to Freedom

Some inmates who get high marks could see their sentences commuted to non-custodial status More

'Rumble in the Jungle' Turns 40

'The Champ' knocked Foreman out to regain crown he had lost 7 years earlier when US government accused him of draft-dodging and boxing officials revoked his license More

This forum has been closed.
Comment Sorting
Comments
     
by: Godwin from: Nigeria
October 04, 2012 11:04 AM
Iran will achieve a nuclear weapon at all costs, least of all is the life of its citizens. Iran wants to ethnic-cleanse the earth. Its target is not as much as Israel as it regards America - USA - as the world polluter of the social and religious ethics, as well as turning the world to atheism. The current Ayatollah sees himself as the messenger of God to return sanity to the earth, and the way to do it is dislodge America from control of world system. Seeing it as impossible through any other means, some nuclear bombs all over the United States will put an inevitable end to America's dominance.

Europe will simply fall in line and make peace at Tehran's conditions. As Netanyahu intimated us at his UN speech, the muslims who die consequentially are necessary casualties of war, and so the mullahs will be more than ready to give same treatment to Europe if the region dares Tehran. So the economic sacrifice of Iranians is nothing to worry Ahmadinejad and his mentors, even if it leads to deaths. They are already accounted for as long as they succeed in producing weapons of mass destruction and the victory won over the enemies "of God".

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Victorious Secularists Face Challenge to Form Government in Tunisiai
X
Henry Ridgwell
October 30, 2014 11:39 PM
Official results from Tunisia show the Islamist Ennahda party has failed to win the second free election since the so-called "Arab Spring" uprising in 2011. Ennahda, which handed power to a government of technocrats pending the elections, lost out to the secular party Nidaa Tounes. Henry Ridgwell reports from London that the relatively peaceful poll offers some hope in a volatile region.
Video

Video Victorious Secularists Face Challenge to Form Government in Tunisia

Official results from Tunisia show the Islamist Ennahda party has failed to win the second free election since the so-called "Arab Spring" uprising in 2011. Ennahda, which handed power to a government of technocrats pending the elections, lost out to the secular party Nidaa Tounes. Henry Ridgwell reports from London that the relatively peaceful poll offers some hope in a volatile region.
Video

Video Africa Tells its Story Through Fashion

In Africa, Fashion Week is a riot of colors, shapes, patterns and fabrics - against the backdrop of its ongoing struggle between nature and its fast-growing urban edge. How do these ideas translate into needle and thread? VOA’s Anita Powell visited this year’s Mercedes Benz Fashion Week Africa in Johannesburg to find out.
Video

Video Smugglers Offer Cheap Passage From Turkey to Syria

Smugglers in Turkey offer a relatively cheap passage across the border into Syria. Ankara has stepped up efforts to stem the flow of foreign fighters who want to join Islamic State militants fighting for control of the Syrian border city of Kobani. But porous borders and border guards who can be bribed make illegal border crossings quite easy. Zlatica Hoke has more.
Video

Video China Political Meeting Seeks to Improve Rule of Law

China’s communist leaders will host a top level political meeting this week, called the Fourth Plenum, and for the first time in the party’s history, rule of law will be a key item on the agenda. Analysts and Chinese media reports say the meetings could see the approval of long-awaited measures aimed at giving courts more independence and include steps to enhance an already aggressive and high-reaching anti-corruption drive. VOA’s Bill Ide has more from Beijing.
Video

Video After Decades of Pressure, Luxembourg Drops Bank Secrecy Rules

European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video Kobani Refugees Welcome, Turkey Criticizes, US Airdrop

Residents of Kobani in northern Syria have welcomed the airdrop of weapons, ammunition and medicine to Kurdish militia who are resisting the seizure of their city by Islamic State militants. The Turkish government, however, has criticized the operation. VOA’s Scott Bobb reports from southeastern Turkey, across the border from Kobani.

All About America

AppleAndroid