Economic collapse in Iran

Hyperinflationary Currency Collapse Is Leading To Big Anti-Regime Protests In Iran 

NewsHour,

3 October, 2012

Earlier this week we wrote about how Iran's currency (the Rial) is in a state of total collapse, in part due to oil sanctions.

It's obvious that the spiraling cost of things is having a major destabilizing effect.

The BBC reports on protests:

Riot 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.

Via Finans Akrobat, here's a video: