The rising economic panic has illustrated — and possibly intensified — the bitter divisions within Iran’s political elite. A number of insiders, including members of the elite Islamic Revolutionary Guards Corps, have begun openly criticizing Iran’s supreme leader, Ayatollah Ali Khamenei, in recent weeks. One of President Mahmoud Ahmadinejad’s aides indirectly accused Ayatollah Khamenei of needlessly antagonizing the West in ways that pushed down the rial’s value, the latest sign of a rift between the president and the supreme leader that is helping to define the parliamentary elections, which are scheduled for March 2.

“They criticize Ahmadinejad and even the supreme leader by name now; it’s not like before,” said Javad, the 45-year-old manager of a travel agency in north Tehran.