ASSESSMENTS

Iran's Currency Crisis in Context

Oct 5, 2012 | 10:30 GMT

Iran's Currency Crisis in Context
Iranian riot police and protesters in Tehran on Oct. 3

-/AFP/GettyImages

Summary

The steep decline in the value of Iran's currency over the past week will test the ability of the Iranian government to halt the downward economic spiral and prevent a large outbreak of social unrest. In dealing with the situation, Tehran is largely dependent on the Islamic Revolutionary Guard Corps, an institution that is involved with the currency crisis at every level.

The depreciation of Iran's currency will test the Islamic Revolutionary Guard Corps' ability to maintain order....

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