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Tehran Shuttered After Currency Protests

Police seek to keep peace at major bazaar

By Matt Cantor,  Newser Staff

Posted Oct 4, 2012 7:05 AM CDT

(Newser) – The effects of yesterday's protests—and clashes—over Iran's sinking currency are still being felt in Tehran, with the shops of the city's Grand Bazaar closed today. Police are patrolling the area, which is set to reopen Saturday. Meanwhile, trade groups are saying Mahmoud Ahmadinejad's policies have wreaked havoc on the Iranian economy, Reuters reports.

But in a statement recounted by Iranian news, the groups appear to still support Supreme Leader Ayatollah Ali Khamenei, saying they continue to back "the system and the revolution." While the government says inflation is at about 25%, recent price increases point to inflation closer to 50% to 60%, says an economist.

An Iranian firefighter extinguishes a burned motorcycle in a street in central Tehran, near Tehran's old main bazaar, on Wednesday, Oct. 3, 2012.
An Iranian firefighter extinguishes a burned motorcycle in a street in central Tehran, near Tehran's old main bazaar, on Wednesday, Oct. 3, 2012.   (AP Photo)
Iranians stand in a street as a garbage can is set on fire, in central Tehran, near Tehran's old main bazaar, on Wednesday, Oct. 3, 2012.
Iranians stand in a street as a garbage can is set on fire, in central Tehran, near Tehran's old main bazaar, on Wednesday, Oct. 3, 2012.   (AP Photo)
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COMMENTS
Showing 2 of 2 comments
HANKHILL
Oct 5, 2012 4:30 PM CDT
make them into a parking lot and let them start over again!
sfreeman
Oct 4, 2012 9:43 AM CDT
They "back the system and the revolution" until the cops and the state news media walk away.
 

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