Iran currency crisis sparks street clashes

tear gas against protesters and police shooting farm bazaar, with merchants who do not offer price as the value of the rial plunges

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riot police clashed with Iranian protesters in Tehran and traders by the collapse of the currency, which has lost a third of its value against the dollar in a week, according witnesses.

police fired tear gas to disperse demonstrators outraged by the decline in the value of the Iranian rial. The demonstrators chanted slogans against President Mahmoud Ahmadinejad, said that his economic policies have fueled the economic crisis.

• RIAL has reached record lows against the U.S. dollar almost daily and Western economic sanctions on Iran's controversial nuclear program have reduced Iran's oil export revenues, which compromises the ability the central bank to support the currency.
• Panicked Iranians rushed to buy hard currency, pushing the material. With official inflation running at about 25% of Iran, weak currency is bad living standards and threatens to exacerbate a recent wave of job losses in the industrial sector of Iran.

main bazaar in Tehran, one of the most important commercial city, is closed, according to witnesses. A retailer that sells household items is told Reuters rial instability prevents traders to indicate the exact prices.

An official of the bazaar, Ahmad Karimi Esfahani, told the Iranian news agency that the job bazaar was closed for safety reasons traders, but will reopen on Thursday.