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  • Currency riots in Iran

    "Police used tear gas and batons to disperse protesters, who branded Mr Ahmadinejad a "traitor" for fuelling the crisis with poor economic decisions. Witnesses described motorcycle chases in the area around Manoucheri Street, where most of the money changers are based. The area has been thronged with people desperate to swap rials for dollars in the past week."

    http://www.independent.co.uk/news/wo...g-8196448.html

    "iot police in Iran have clashed with protesters in the capital over sharp falls in the currency, the rial.

    Tear gas was used to disperse the demonstrators, some of whom were setting fire to tyres and rubbish bins. There were many arrests, reports say.

    Eyewitnesses told the BBC that scores of people gathered outside the central bank, calling for the governor to stand down, chanting anti-government slogans.

    The rial has plummeted to record lows against the US dollar in recent days."

    http://www.bbc.co.uk/news/world-middle-east-19812482

    A combination of the sanctions and Iranian government policy is beginning to kick in.
    "Patriotism is your conviction that this country is superior to all other countries because you were born in it"
    G.B Shaw

    "They promised us homes fit for heroes, they give us heroes fit for homes."
    Grandad, Only Fools and Horses

  • #2
    A shortage of dollars it seems, while oil is still being sold, payments are difficult on account of Iranian banks being embargoed -

    Devaluation has led to increased demands for foriegn currency by private citizens, government dollar reserves are exhausted.


    I think we can expect some "movement" soon.
    Lambert of Montaigu - Crusader.

    Bolgios - Mercenary Game.

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    • #3
      Originally posted by Snowygerry View Post
      A shortage of dollars it seems, while oil is still being sold, payments are difficult on account of Iranian banks being embargoed -

      Devaluation has led to increased demands for foriegn currency by private citizens, government dollar reserves are exhausted.


      I think we can expect some "movement" soon.
      A military confrontation started by other countries would probably only benefit the Iranian government. Then again will the Iranian regime provoke a confrontation as a distraction?
      "Patriotism is your conviction that this country is superior to all other countries because you were born in it"
      G.B Shaw

      "They promised us homes fit for heroes, they give us heroes fit for homes."
      Grandad, Only Fools and Horses

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      • #4
        Originally posted by Sergio View Post
        Then again will the Iranian regime provoke a confrontation as a distraction?
        It's not like that's never happened before everywhere else in the world.
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        • #5
          Originally posted by Sergio View Post
          A military confrontation started by other countries would probably only benefit the Iranian government. Then again will the Iranian regime provoke a confrontation as a distraction?
          I suspect a behind the scenes "backing down" on both sides - combined with much posturing for the gallery.

          Some limited amount of foreign currency influx in return for a de facto freezing of the nuclear development program.

          Untill the carousel comes around for the next carnival.


          No one has anything to gain from military confrontation - Iranian regime wouldn't survive offensive action, only if they can claim to be attacked "without provocation" do they have the slightest chance to rally their own populace.
          Lambert of Montaigu - Crusader.

          Bolgios - Mercenary Game.

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          • #6
            Afghanistan imposes currency curbs in response to Iran rial dive

            By Sharafuddin Sharafyar | Reuters 2 hrs 52 mins ago

            HERAT, Afghanistan (Reuters) - Afghanistan has imposed a cap on U.S. dollar flows across the border with Iran amid clashes there between Iranian police and protesters prompted by a collapse in the rial currency, Afghan police said on Thursday. ...
            Any metaphor will tear if stretched over too much reality.

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