Iranians protest against riyal collapse
Many traders demonstrated at cell phone sales centers in central Tehran on Sunday to protest against the rapid devaluation of the local currency against the dollar.
Video clips posted on social networking sites showed dozens of shopkeepers protesting at a Tehran mall urging their peers to close their shops and join them in protest.
"A strike, a strike," the protesters chanted.
"RIGHT NOW"
June 24, 2018
Tehran, Iran
Protests against the regime of mullahs!
Iraniansans ask shopkeepers to close their shop and join the protesters.
They chant "" Close your shop "#IranProtests
Mobile phone vendors say it is impossible to sell any phone because of the exchange rate, which exceeded 90,000 riyals per dollar, compared to about 75 thousand riyals last Thursday.
According to the reformist Jamaran website, the protesters were walking towards Bahristan Square where the parliament was located when police stopped them and dispersed the crowd.
The Iranian currency has been losing ground for months because of weak economic performance, financial difficulties in local banks and heavy demand for the dollar among Iranians worried about Washington's withdrawal from the nuclear deal and renewed US sanctions on Tehran.
Some sanctions will come into force after a 90-day "liquidation" period, ending on August 6, with the rest, the most important of which targeted the oil sector, after a 180-day deadline ending on November 4.
Currency losses threaten to boost inflation, damage living standards and limit Iranians' ability to travel abroad.
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