Iran Tightens Measures To Stem Currency Fall

Police threatened merchants who closed their shops in Tehran’s main bazaar and launched crackdowns on sidewalk money changers on Wednesday as part of a push to halt the plunge of Iran’s currency, which has shed more than a third its value in less than a week.

The measures underscore the serious concern by officials facing one of the most potentially destabilizing scenarios, which has been partly blamed on the fallout from Western sanctions over Tehran’s nuclear program.

AP