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Asharq Al-Awsat
Asharq Al-Awsat
World
New York - Vivian Yee

Iran’s Rulers, Shaken by Protests, Now Face Currency Crisis

The Grand Bazaar. Credit: Arash Khamooshi for The New York Times

As their currency plunged to new lows recently, Iranians did what they had grown all too used to: They crowded exchange shops, hoping to convert their increasingly worthless rials into dollars.

At the grocery store, prices had climbed so high that many people had only enough to buy vegetables. And as the Persian New Year approached, some had little left for holiday meals, shopping and travel.

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