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Protests Break Out in Iran Over Plummeting Currency

Riot police with demonstrators in Tehran

By Kevin Spak,  Newser Staff

Posted Oct 3, 2012 10:09 AM CDT

(Newser) – Iranian police in riot gear clashed with protesters in Tehran today, firing tear gas to try to get them to disperse, the BBC reports. Protesters took to the streets around a major bazaar to protest the plummeting rial, which has hit record lows against the dollar in recent days. Some set fire to tires and trash cans, while shouting slogans slamming Mahmoud Ahmadinejad and the regime. Amateur video showed hundreds marching towards Iran's central bank.

Police have arrested many protesters, and also reportedly descended on illegal money changers in the capital. The bazaar has been closed, but the head of the bazaar union said he expected it to reopen tomorrow. In a speech yesterday, Ahmadinejad blamed US sanctions for the rial's woes, but many traders are angry at him, saying the government hasn't provided the guidance necessary to keep prices stable.

Marchers are seen carrying posters of Ayatollah Khomeini on this 5000 rials note from 1983.
Marchers are seen carrying posters of Ayatollah Khomeini on this 5000 rials note from 1983.   (Georgios Kollidas / Shutterstock.com)
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COMMENTS
Showing 3 of 36 comments
HANKHILL
Oct 4, 2012 7:49 AM CDT
good for them! i love love love it when the savages kill eachother!
jgarbuz
Oct 3, 2012 7:54 PM CDT
The North Koreans lets millions starve before the regime gives up its nukes. This regime in Iran is as strong as the Soviet regime was, and it took 70 years till it fell. This Islamofascist regime has been around for only 33. It will go eventually,  but before or after a nuclear war? That is the question.
Chatterbox
Oct 3, 2012 7:23 PM CDT
Think they're pissed now, just wait till Israel nukes their enrichment facilities.
 

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