Fair
55°
DeKalb, IL
Fair|Forecast »

Iran tightens grip to stem currency fall

TEHRAN, Iran – Iranian authorities used aggressive measures Wednesday in an attempt to halt the nosedive of the country’s currency, making arrests, vowing to stamp out sidewalk money changers and warning merchants against fueling the mounting public anger over the economy.

There were unconfirmed reports of sporadic violence. Associated Press photos showed riot police blocking a street with the charred hulks of a garbage can and a motorcycle that had been set on fire. Smoke was rising from the area in central Tehran near the main bazaar.

The sweeping responses to the freefall of the rial – which has lost more than a third of its value in a week – underscored the worries for Iranian leaders after months of dismissing the West’s economic squeeze seeking to rein in Tehran’s nuclear program.

Story Archived

Only the most recent 7 days of articles are available for free. For articles older than 7 days there is a small fee for retrieval from our archive. If you are a registered member of the site, the content is free just by signing in below.

Please sign in with your Comment Member ID and password.

Did you purchase access?

Member ID:
Password:
Forgot Your Password?
Register to comment.

Purchase Access
To allow for flexibility, we offer a variety of options for purchasing articles:
Purchase options


Having trouble?

If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com


Reader Poll

What is an appropriate age for someone to start baby-sitting?

8-9 years old
10-12 years old
13-16 years old
Older than 16