Shopkeepers in Tehran kept their stores closed for a second day straight on Monday, protesting worsening economic conditions and extreme volatility in Iranβs struggling currency, according to local media reports.
The rial has hit new lows on the unofficial market, with the US dollar trading at around 1.42 million rials on Sunday, compared to 820,000 rials a year ago, and the euro nearing 1.7 million rials, according to price monitoring websites.
The rates eased somewhat on Monday, with the dollar at around 1.39 million rials, and the euro at about 1.
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