Trouble is brewing in Iran. Its currency, the rial, has weakened 25 percent since January, and the official exchange rate is now around 60,000 rials to the dollar. The governor of Iran’s Central Bank has accused Saudi Arabia and the United Arab Emirates of meddling and has also set a new exchange rate of 42,000 rial to the dollar.
Arab protesters continue to demonstrate in the southwestern province of Khuzestan, even as farmers continue to protest over water scarcity in Isfahan province. (The water protests are especially concerning, since a weak rial will make food imports more expensive.)
Relatedly, the government in Tehran is considering outlawing a messaging app called Telegram, which was a source of much of the reporting on protests that took place December 2017-January 2018. At the very least, this move suggests the government is interested in stopping the protests before they gain momentum.
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The Islamic Revolutionary Guard Corps, a powerful mili