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ITB - Iranian currency looses half its value in one week

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  • ITB - Iranian currency looses half its value in one week

    Iran crackdown on money changers after currency slide

    Yahoo News

    AFP
    10/3/2012

    Excerpt:

    "A protest and scuffles with police occurred in central Tehran on Wednesday in the first sign of public unrest over Iran's plunging currency, which this week has lost more than half of its value. - (bold emphasis added)

    Hundreds of police in anti-riot gear stormed the capital's currency exchange district of Ferdowsi, arresting illegal money changers and ordering licensed bureaux and other shops closed, witnesses told AFP.

    Several arrests were seen, carried out by uniformed police or plain-clothes security officers.

    Smoke was seen in two places in the area."

    .......................................

    View the complete article at:

    http://uk.finance.yahoo.com/news/ira...102042205.html
    B. Steadman
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