The Straits Times
Published on Oct 03, 2012

Iran police clash with protesters over rial dive


TEHERAN (REUTERS) - Iranian riot police clashed on Wednesday with demonstrators and exchange dealers in the capital Teheran over the collapse of the rial, which has lost a third of its value against the dollar in a week, witnesses said.

They said riot police fired tear gas to disperse the demonstrators.Hundreds of police stormed the capital's currency exchange district of Ferdowsi, arresting illegal money

changers and ordering licenced bureaux and other shops closed, witnesses told AFP.

On Tuesday, President Mahmoud Ahmadinejad said Western sanctions were mostly to blame. But rivals said his mismanagement of the economy was the main cause.