Saturday 6 October 2012

Tehran's Grand Bazaar reopens after currency protests - Yahoo! News Maktoob

Tehran's Grand Bazaar reopened under close police supervision on Saturday, traders said, days after clashes between riot police and crowds protesting against the collapse of the Iranian currency shut down the market.
The resumption of trade suggested authorities had succeeded at least temporarily in containing public discontent over the plunge of the rial, which lost about a third of its value in 10 days.
But it remained unclear whether the government of President Mahmoud Ahmadinejad would be able to stabilise the currency, which has been undermined by policy missteps by Iranian authorities and Western economic sanctions against Iran over its disputed nuclear programme.

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