Iran in economic meltdown

Rick Moran
A currency disappearing in value and hyperinflation as a result. Not surprisingly, people don't like it very much when they go to sleep with their money being worth one amount and then wake up the next morning to find their money worth a lot less. 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 the 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. Iran's official news media said an unspecified number of people, including two Europeans, had been arrested in the turmoil, 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 the accumulated impact of harsh Western economic sanctions over Iran's...(Read Full Post)

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