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If those at the highest levels of the establishment are feeling the pressure, then it might be assumed that those lower down --- with less power and fewer resources, facing subsidy cuts, rising prices, and a high rate of unemployment --- may be feeling it even more. Their eroding coincidence would feed the cycle of economic distress.
All the posturing statements of the President --- on Tuesday, he declared that many countries had asked Tehran for economic advice --- and the attempts of State news agency IRNA to hide the news cannot offer a cure. Instead, the Islamic Republic will move to another question: what will be the political effect of the falling currency and confidence? Passive acceptance by the public or a sign of public anger? And if the latter, in what form and directed at whom?