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Clashes Erupt as Iranians Protest Collapse of Currency

HeadlineOct 04, 2012

Scores of Iranians rallied in Tehran on Wednesday to protest the collapse of the country’s currency. The rial has hit an all-time low amidst a worsening financial crisis brought upon by Western sanctions, falling 40 percent against the dollar in just one week. Iranian forces reportedly clashed with the demonstrators and fired gas to disperse them. In Washington, Secretary of State Hillary Clinton said the Iranian government has only itself to blame for its economic problems.

Secretary of State Hillary Clinton: “I think the Iranian government deserves responsibility for what is going on inside Iran, and that is who should be held accountable. And I think they have made their own government decisions having nothing to do with the sanctions that have had an impact on the economic conditions inside the country. And, of course, the sanctions have had an impact, as well, but those could be remedied in short order if the Iranian government were willing to work with the P5+1 and the rest of the international community in a sincere manner.”

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