You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
Syria-Lebanon-Iran
Violence and Protest in Iran as Currency Drops in Value
2012-10-04
[New York Times] The first outbreak of public anger over Iran's collapsing currency and other economic maladies jolted the heart of the capital on Wednesday, with riot police violently clamping down on black-market money changers, hundreds of citizens marching to demand relief and merchants in the sprawling bazaar closing their shops in protest.

The official news media in Iran said an unspecified number of people had been cooled for a few years
Maw! They're comin' to get me, Maw!
, including two Europeans, in the unrest, which was documented in news photographs, at least two verifiable videos uploaded on YouTube and witness accounts. Economists and political analysts in Iran and abroad said the anger reflected both the accumulated impact of harsh Western economic sanctions over Iran's disputed nuclear program as well as the government's inability to manage an economic crisis that has become increasingly acute.

It came a day after Iran's president, Mahmoud Short Round Ahmadinejad, told a televised news conference that the plunge in the value of the currency, the rial -- it has fallen by 40 percent against the dollar this past week -- was orchestrated by ruthless currency speculators, the United States and other unspecified internal enemies of Iran. He pleaded with fellow citizens to stop selling their rials for dollars, a currency he once characterized as "a worthless piece of paper," and warned that speculators face arrest and punishment.
Posted by:Fred

#3  Don't feel so much sympathy for these middle class merchants. They were the main linchpin of the Islamic revolution.
And backed the mad mullahs against the "green" revolution.
So they are getting exactly what they wished for. Now it's too late to change sides
Posted by: Mikey Hunt   2012-10-04 22:38  

#2  These aren't unemployed youts or starry eyed students. This is the middle class, the merchants. They have a lot to lose and they are rioting anyway. For people like that to riot you have to screw up real bad.
Posted by: Ebbang Uluque6305   2012-10-04 15:33  

#1  Green Revolution part II? Will Obama shrug this one off too? He's only supported Sunni rebels & dissidents in Libya, Egypt, etc. The Shia of the world, not so much.
Posted by: American Delight   2012-10-04 07:33  

00:00