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>> Exactly what Iranian authorities don't want to see, protestors out on the streets demanding change. Reuters cannot independently verify these videos, but images like these are appearing across the Islamic republic. These protests broke out in Tehran's Grand Bazaar. Hundreds of angry shopkeepers denounced a sharp fall in the value of the Iranian currency.
That as pressure from the Trump administration adds to the country's existing economic problems.>> The first part of our sanctions will snap back on August 4th.>> Since President Trump pulled out of Iran's 2015 nuclear deal, the rial has lost 40% of its value. Trump has also announced harsh sanctions, including an attempt to shutdown the international sale of Iranian oil, the country's main source of revenue.
>> Speaking from Ankara, Reuters Iran correspondent Parisa Hafezi says there's little sign leaders have the answer.>> To end these protests, pragmatist President Hasan Rouhani's government has tried to stop the constant slide with a combination of threats and persuasion. But the rial crisis and its political impacts are surely far from over.
The establishment will face much greater instability in the future, especially if it loses the support of Iran's business and merchant class because of the economic hardships.>> At a graduation ceremony for Iran's Revolutionary Guards, Supreme Leader, Ayatollah Ali Khamenei, told officers US economic pressure on Iran is intended to turn Iranians against their government.
Saying the US was acting together with Sunni Muslim Gulf states, that view Shiite Iran as their main regional foe. Iranian authorities are now calling for calm, after these protests over water shortages in the south of the country turned violent. Local reports say police started shooting at demonstrators, who attacked banks and public buildings.
With the economy being squeezed, these protests show little sign of letting up.