People lining up to purchase US dollar at a currency exchange shop on Ferdowsi Avenue. Tehran. 5 October 2010
Reports from Tehran’s currency exchange shops that line Ferdowsi Avenue indicate that due to unusually high demands for US dollar, most of the exchange shops had closed their doors, unable to meet the demands at government-imposed exchange rate. Those still opened faced long lines of customers and had to put a purchase limit of $2,000 per customer. They were selling dollar at 10,850 to 11,000 rials. The government has set the official rate at 10,650 rials and has warned the exchanged shops of losing their licenses if they sell at higher prices. The merchants on Ferdowsi Avenue were telling reporters that they had never witnessed such huge crowds lining up to buy US dollar.
Photo by Salemi, Donyaye Eghtesad