As the value of Iran’s currency, the Rial continues to fall to historic lows due to sanctions and riots break out, state security services have arrested 16 people it says have been manipulating the Rial.

The Iranian judiciary said those arrested “had used an atmosphere of psychological war created by the enemy” and colluded with “certain domestic and foreign groups” to exacerbate conditions.”

Ahmadinejad, in a speech this week, also said blamed “22 ringleaders” who the country’s intelligence services have determined are causing tension and manipulating currency.

Sanctions imposed on Iran by the United States, the U.N., and the European Union have crippled Iran’s economy and devalued the Rial to lows never seen before. As a result, food and basic commodities have skyrocketed in cost causing protestors to riot on the street.

Those protestors were very clear that they were made an Ahmadinejad and his handling of the crisis.

Iran’s government has said the sanctions are only hurting the people and not the government.

Iran’s judiciary put out a statement to citizens warning that other colluding with the west to cause the economic hardships will be dealt with swiftly and harshly.

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