Economics
Tehran’s Grand Bazaar Shut Down as Economic Protests Spread
- Traders gather at meeting points to denounce rising prices
- Retailers say keeping their shops open could cost them money
Closed shops at the Grand Bazaar in Tehran on June 25.
Photographer: Atta Kenare/AFP/Getty Images
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Traders in Tehran’s Grand Bazaar shut their stores to protest rising prices and the weakening of Iran’s currency, official news agencies reported, as Iranian officials took action to allay concerns that an economic crisis was looming.
Retailers and gold sellers kept away from the bazaar to gather at main meeting places, according to the semi-official Fars News agency. They said they were afraid they’d lose money if they kept their shops open, according to Fars. Security forces were sent to the bazaar and surrounding areas to maintain order, the semi-official Iranian Labour News Agency reported.