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October 3, 2012

Police in Iran clash with currency protesters

By Sheila Samples

Iranian riot police have clashed with protesters in the capital Tehran over the collapse of the rial, the country's currency, which has lost a third of its value against the dollar in a week. Police on Wednesday reportedly fired tear gas to disperse demonstrators, including currency exchange dealers. It was the first sign of public unrest over the plunging currency. The fall of the rial, which has now lost more than 80 percent of its value compar ...

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Iranian riot police have clashed with protesters in the capital Tehran over the collapse of the rial, the country's currency, which has lost a third of its value against the dollar in a week. Police on Wednesday reportedly fired tear gas to disperse demonstrators, including currency exchange dealers. It was the first sign of public unrest over the plunging currency. The fall of the rial, which has now lost more than 80 percent of its value compared with a year ago, with 17 percent of its value shed on Monday alone, has been largely blamed on Western sanctions imposed over the country's nuclear program.

Submitters Website: http://sheilastuff.blogspot.com

Submitters Bio:

Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

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