Hyperinflationary Currency Collapse Is Turning Into Big Anti-Regime Protests In Iran
Oct. 3, 2012
Earlier this week we wrote about how Iran’s currency (the Rial) is in a state of total collapse, in part due to oil sanctions.
It’s obvious that the spiraling cost of things is having a major destabilizing effect.
The BBC reports on protests:
Riot police in Iran have clashed with protesters in the capital over sharp falls in the currency, the rial.
Tear gas was used to disperse the demonstrators, some of whom were setting fire to tyres and rubbish bins. There were many arrests, reports say.
Eyewitnesses told the BBC that scores of people gathered outside the central bank, calling for the governor to stand down, chanting anti-government slogans.