UP

Iranian stocks see sharp decline after protests

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
Iranian stocks see sharp decline after protests

The Tehran Stock Exchange saw its sharpest fall in more than one year following the protests, according to Iranian daily Dunya-yi Iqtisad (World Economy) on Thursday.

Axar.az reports citing DS.

The stock exchange had an upward trend before the start of the protests in the country and it fell two percent in just one week, the daily reported.

It further stated that the stock exchange had its sharpest fall since June 2016.

The U.S. dollar also gained value by five percent in one week against the Iranian rial.

Iranian media also reports about the long queues people make in front of jewelry stores to buy foreign currencies.

Last Thursday, Iranians took to the streets in the northeastern cities of Mashhad and Kashmar to protest rising inflation and perceived government mismanagement.

These demonstrations were followed on Saturday and Wednesday by large pro-government protests.

At least 23 people have been killed -- including a police officer -- while hundreds more have reportedly been detained.

On Wednesday, Mohammad Ali Jafari, the head of Iran’s elite Revolutionary Guard Corps, announced that the days-long wave of street demonstrations in Iran had effectively ended.

"Today is the day the sedition ended," Jafari said in comments broadcast on Iranian state television.

Date
2018.01.04 / 21:59
Author
Axar.az
See also

Amazon to invest over $35 bln in India in AI

Ukraine updates Russian losses for day 1386 of the war

At least 12 killed in fire in southern China

Sudan military plane crashes, killing crew

Zelensky given few days to respond to peace plan

Thailand rules out ceasefire with Cambodia

Pashinyan, Steinmeier discuss South Caucasus peace progress

Ukraine does not agree to the Trump–Putin plan

Georgia moves to recall ambassador to Israel early

Putin: Russia will complete its special military operation

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla