Protests erupt in Iran over currency's plunge to record low
Witnesses told The Associated Press that traders shut their shops Monday and asked others to do the same. The semiofficial ILNA news agency said many businesses stopped trading even though some kept their shops open.
TEHRAN, Iran (AP) — Iran's largest protests in three years erupted Monday after the country’s currency plummeted to a record low against the U.S. dollar, and the head of the Central Bank resigned.
State TV reported the resignation of Mohammad Reza Farzin, while traders and shopkeepers rallied in Saadi Street in downtown Tehran as well as in the Shush neighborhood near Tehran's main Grand Bazaar. Merchants at the market played a crucial role in the 1979 Islamic Revolution that ousted the monarchy and brought Islamists to power.
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