Check Out The Rial Situation | The Daily Beast
By Ali Gharib
Now is the autumn of Iranian discontent. And who can blame them? Over the past week, the value of Iran’s Rial fell 40 percent against the dollar.
The economic woes drove Iranians into the streets of Tehran yesterday, where they reportedly clashed with riot police during a few modestly-sized and—best as I can tell—relatively isolated protests. The largest, and perhaps most significant, were in Iran’s famed bazaar, which shut down as protesters moved through, and outside the Bank of Iran. At the former locale, the shopkeepers’ closures ostensibly protected their stalls from demonstrators, but that doesn’t seem to be how the story actually played out.