BREAKING NEWS

Tehran's Grand Bazaar reopens after currency protests

By REUTERS

OCTOBER 6, 2012 12:01

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.

The involvement of the Grand Bazaar in the protests was politically significant because merchants from the area were key supporters of Iran's Islamic revolution in 1979. Some traders said they shut their shops this week as part of the protests, while others cited fears over their safety.

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