Battles surge in Tehran as currency collapses

[rareboy]

So finally the Iranian economy is sputtering to a virtual halt.

I am amazed though, that their oil exports have fallen so low. I would have thought that China and Russia would still having been propping up Iran in the realpolitick world.

http://www.thestar.com/news/world/ar...-currency-fall

Police threatened merchants who closed their shops in Tehran’s main bazaar and launched crackdowns on sidewalk money changers on Wednesday as part of a push to halt the plunge of Iran’s currency, which has shed more than a third its value in less than a week.

The measures underscore the serious concern by officials facing one of the most potentially destabilizing scenarios, which has been partly blamed on the fallout from Western sanctions over Tehran’s nuclear program.

So is this the end, the end of the beginning or the beginning of the end for Amadinejad and the nuclear program for Iran?

[racer2438]

Lets hope it's the end for both of them..

[Benvolio]

The collapse of the Iran government would be one possible development with the potential to help Obama. Not many good possibilities are predictable.

[GiancarloC]

I think the Russians and Chinese are getting nervous because of the amount of internal strife in the country. Russia has to deal with Dagestan and other provinces which have oil itself and civil unrest... and China has internal issues themselves. They may be too distracted to help Iran. The regime in Tehran is experiencing the first sign of cracks... Iran is also experiencing significant capital flight because of their arbitrary policies in increasing the money supply.

[Kulindahr]

I think it's a necessary but not sufficient condition for the fall of the ayatollahs.

[Nishin]

"Battles surge in Tehran"... do you have a link to the article mentioning this ?

[rareboy]

http://www.vancouversun.com/news/Bat...151/story.html

[Kulindahr]

It's a serious plunge in currency to prompt shop owners to close up.