Iranian Protests Spread Over Economic Crisis Fueled By Sanctions

Photo from Bureau of Land Management on Flickr

Merchants and shopkeepers at bazaars have continued protests in more cities across Iran as the economy reels from U.S. sanctions and the rial weakens to historic lows against the dollar.

The Hrana news agency reported on June 15 that mobile phone sellers in the city of Najafabad in Isfahan joined the protests, closing their shops over the instability of the currency and an increase in tax rates.

Protests were also reported in Arak, Kazerun, and Minab.

With the rial trading at around 332,000 to the dollar, rallies have been spreading after Tehran’s bazaars and merchants in Kazerun in Fars Province closed their markets to protest the country’s economic conditions.

Read more at Radio Free Europe

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