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A woman makes a purchase at a convenience store in Iran. How have sanctions imposed on Iran by the U.S. and the E.U. effected the country's economy?
This week officials in Iran attempted to halt the decline of their currency, due to the West's economic sanctions, by making arrests, vowing to stamp out sidewalk money changers and warning merchants against fanning public anger over the economy.
In the capital city of Tehran, riot police are patrolling the downtown and the city's ancient Bazaar after hundreds took to the streets yesterday to protest the government's handling of the economy.
It was the largest demonstrations seen in Iran since a government crackdown on protests after the flawed 2010 elections.
It appears that sanctions imposed on Iran by the U.S. and the European Union in an effort to curb the Iranian nuclear program are doing serious damage to the economy.
Alireza Nader, a senior analyst at the Rand Corporation in Washington DC., is with us to explain.