Iranian police clash with protesters over currency plunge

As the rial plunges to record lows almost daily, foreign exchange dealers in Tehran protest against Ahmadinejad’s “failed economic policies,” riot police use tear gas to disperse protesters.

Iranian rial money exchangePHOTO: REUTERS

DUBAI – Iranian riot police clashed on Wednesday with demonstrators and foreign exchange dealers in the capital Tehran over the collapse of the country’s currency, which has lost a third of its value against the dollar in a week, witnesses said.

Police fired tear gas to disperse the demonstrators, angered by the plunge in the value of the Iranian rial. Protesters shouted slogans against Iranian President Mahmoud Ahmadinejad, saying his economic policies had fueled the economic crisis.

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