[blam]

And Here's A Chart Of The Iranian Currency Collapse That's Causing Protests On The Streets Of Tehran

Joe Weisenthal
October 3, 2012

We just posted a video of the protests that are inspired by the Iranian currency collapse.

Iran's currency, the Rial, is collapsing due to economic mismanagement and in part oil sanctions that are starting to bite.

So how bad is it?

Journalist Reza Asadi posted this chart showing how many Rial it takes to buy a dollar over the last 70 days.

You can see the number's gone bananas.

Note that on the Persian Calendar it's the year 1391.

[AFPhys]

Thanks for the chart of the rial. I was intending to look that up yesterday after reading a Jerusalem Post story about the currency collapse, but forgot.

[piasa]

Wow, that’s gotta hurt.

[piasa]

Iran protests ping