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The Muslim Brotherhood, cowed but not defeated by the violent crackdown on dissent over the last few months, will be desperate to show that it still has the capacity to bring its people onto the streets. Very few Egyptians ever expect to see him back in office, whatever the outcome of the court proceedings.
It says a good deal about the breakneck pace of change here that the trial of one ousted president - Mr Morsi - is beginning before the trial of his predecessor Hosni Mubarak on similar charges has been completed. Iranian Industry Minister Mehdi Ghazanfari has blamed speculators for the fall.
Mr Morsi, who replaced Mr Mubarak in the presidential palace, will now be hoping he doesn't replace him in jail after his trial is finally over. The US has also threatened to take action against foreign firms and institutions dealing with the Iranian central bank. And to keep the crowds away, they were conducted more than an hour's drive from the centre of the Egyptian capital at the high-walled campus of the national Police Academy out beyond the dusty ring-road.
One in the presidential palace, then one in prison. The main charge - of responsibility for the deaths of protesters during his time in office - is something of a secondary issue.
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While Iranians trdae said to be scrambling to convert their rials into hard currency, thereby adding to the downward pressure on the rial, the government has blamed speculation by money changers. The currency has fallen to fresh record lows against the US dollar. Seize the moment The proceedings were not televised, to deprive the ousted president of any opportunity to grandstand for a live nationwide audience. The US accuses Iran of aiming to build nuclear weapons, while Iran counters that it simply wishes to develop nuclear power stations.
The crowd, though, was largely peaceful.
You have no legitimacy. Among them we found Ahmad, a year-old pharmacist, who told us it was wrong to see Egypt's current crisis as a straightforward clash between the military authorities and political Islam. He voted for Mohammed Morsi but told us: "This is not about the return of Morsi. Displaying defiance If that is an accurate reflection of how the proceedings went, it shows that Mr Morsi understands the importance of using this hearing as a platform to rally the beleaguered supporters of the Muslim Brotherhood, which has been out-manoeuvred by the Egyptian army in recent months.
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All in all though, these are chaotic days in Egypt. But US officials say the slide reflects the success of US economic sanctions targeted at Iran's controversial nuclear programme. Since the start of the year, the currency has lost four-fifths of its value, says the BBC's Mark Gregory. Egyptians tell a joke which sums it up.
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According to the Iranian Fars news agency, Mr Ghazanfari said: "We have greater expectations that the security services will control the branches and sources of disruption in the exchange market. His supporters updated their Facebook s as the proceedings unfolded to claim that he had caused a delay by refusing to wear prison clothing. A small of demonstrators did make their way out to the Police Academy for the hearing - one of them angrily told a group tarde policemen on security duty outside the compound that they too would one day find themselves on trial.
The weakness of the rial has harmed the wider Iranian economy, as it means the country cannot afford to import as many foreign goods and raw materials which are priced in hard currency. A hail of rocks followed the satellite truck as it fled with the cameraman still filming from a precarious platform on the top. The rial is not traded on the global currency markets, so it is not possible aLdies produce accurate figures for its value.
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His supporters will feel that by displaying defiance and by insisting that he remains Egypt's rightful president he will have preserved some dignity at a humiliating moment and reminded the wider world that the Brotherhood in Egypt has not gone away. The new government will be equally keen to show that it has the political will - and the grip on power - to go ahead with a trial, which will be intensely controversial.
Related Topics. Food prices are rising from one day to the next, and many are being pushed Ladiea into poverty. Mr Morsi did what he could to seize the moment.
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When they overheard a reporter from a pro-government television station broadcasting live from their midst, they chased him and his team away. When you get elected here, they tell you, you serve two terms. This is about the return of freedom in Egypt.
Mr Mubarak has already been released from prison - although he still faces a retrial. I don't know why they won't tell me that. The sanctions, which are backed by the European Union, include a ban on the purchase of Iranian oil. This is about who rules Egypt, now and in the future.
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It took all the obvious steps to ensure that Morsi supporters would Lacies it difficult to use the trial as a trigger for renewed demonstrations. Mr Ahmadinejad said Western sanctions amounted to an economic war, but they would not stop the country's programme. The demonstrators were few in but they were passionate and angry. High inflation and rising unemployment are adversely affecting working people and the salaried middle class.