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Iran police clash with protesters over currency crisis Iran police clash with protesters over currency crisis
(about 1 hour later)
Riot police in Iran have clashed with protesters in the capital over sharp falls in the currency, the rial.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.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.Eyewitnesses told the BBC that scores of people gathered outside the central bank, calling for the governor to stand down, chanting anti-government slogans.
The rial has plummeted to record lows against the US dollar in recent days.The rial has plummeted to record lows against the US dollar in recent days.
Up to 100 angry traders and official money lenders gathered in front of Iran's central bank. But they were attacked by riot police and dispersed, eyewitnesses told BBC Persian. Money dealers were joined by traders from the nearby central bazaar, reports say.
Amateur video footage posted online appeared to show hundreds of people marching towards Iran's central bank.
Eyewitnesses told BBC Persian that riot people fired tear gas to disperse the crowds.
Reports say many shops in the central Grand Bazaar have brought down their shutters in sympathy with the demonstrators.Reports say many shops in the central Grand Bazaar have brought down their shutters in sympathy with the demonstrators.
Traders are angry at the lack of direction from the government in the crisis, which they say has led to more instability in prices, making trading almost impossible, says BBC Persian's Kasra Naji.Traders are angry at the lack of direction from the government in the crisis, which they say has led to more instability in prices, making trading almost impossible, says BBC Persian's Kasra Naji.
There is speculation in Tehran that the widespread demonstrations may have been encouraged by conservative traders affiliated to opponents of President Ahmadinejad, in a push to remove him from power, our correspondent says.There is speculation in Tehran that the widespread demonstrations may have been encouraged by conservative traders affiliated to opponents of President Ahmadinejad, in a push to remove him from power, our correspondent says.
ArrestsArrests
The head of Tehran's bazaar unions, Ahmad Karimi-Esfahani, said shopkeepers had not opened their businesses as they were "worried about security" but he expected them to reopen on Thursday.The head of Tehran's bazaar unions, Ahmad Karimi-Esfahani, said shopkeepers had not opened their businesses as they were "worried about security" but he expected them to reopen on Thursday.
A protest outside the bazaar started with a small group and then grew, he told the Iranian Labour News Agency (Ilna).A protest outside the bazaar started with a small group and then grew, he told the Iranian Labour News Agency (Ilna).
One eyewitness, who gave his name only as Omid, told the BBC that the Sabze Maydon area within the bazaar was closed down and some shop windows were smashed.
He said the government had closed the currency exchange shops, hoping to curtail the turmoil.
A senior Iranian police commander confirmed to Ilna that "a limited number of people protested in front of the bazaar," but he said the bazaar was not closed.A senior Iranian police commander confirmed to Ilna that "a limited number of people protested in front of the bazaar," but he said the bazaar was not closed.
Hundreds of police are also reported to have rounded up and arrested illegal money changers in the capital.Hundreds of police are also reported to have rounded up and arrested illegal money changers in the capital.
Iranian President Mahmoud Ahmadinejad has blamed Western sanctions for the fall in the rial, saying they amounted to an economic war.Iranian President Mahmoud Ahmadinejad has blamed Western sanctions for the fall in the rial, saying they amounted to an economic war.
However, many Iranians accuse him of financial mismanagement.However, many Iranians accuse him of financial mismanagement.
US officials say the slide reflects the success of US economic sanctions targeted at Iran's controversial nuclear programme.US officials say the slide reflects the success of US economic sanctions targeted at Iran's controversial nuclear programme.
In a separate development, the speaker of parliament, Ali Larijani, who was due to give a news conference has cancelled it without explanation. Meanwhile, the country's Supreme Leader, Ayatollah Khamenei, said in a speech that the Iranian people would never submit to pressure from abroad.
He was expected to respond to President Ahmadinejad's accusation that he had undermined the government and lacked ideas on how to deal with the crisis. Iran would put this crisis behind it, he was quoted by Iranian news agencies as saying.
Are you in Tehran? Did you witness the unrest? Send us your accounts using the form below.Are you in Tehran? Did you witness the unrest? Send us your accounts using the form below.