Advertise On EU-Digest

Annual Advertising Rates

10/3/12

Iran: Unrest in Tehran over rial currency plunge

A rapid plunge in Iran's currency has resulted in clashes in Tehran's central money exchange district, Ferdowsi. Police squads fired tear gas to disperse protesters and shut kiosks, according to witnesses. 

The rial, Iran's currency, has lost at least a third of its value against the US dollar in the past week, prompting President Mahmoud Ahmadinejad to largely blame Western sanctions.

A spokesman for the Tehran Grand Bazaar said it had also been closed because of shopkeepers' safety concerns, but it would reopen on Thursday. Ferdowsi Avenue nearby was the scene of hefty protests against Ahmadinejad's re-election in 2009, which were eventually put down by forces of his regime.

Read more: Deutsche Welle

No comments: