Berliner Boersenzeitung - Students join demonstrations after Iran shopkeepers protest

According to Ilna, a news agency associated with Iran's labour movement, protests erupted at seven Tehran colleges that are among the country's most prestigious, and at the technology university in the central city of Isfahan.

This action came after Monday's protests in central Tehran by shop-owners and a day ahead of the temporary closure of banks, schools and businesses in the capital and 19 of Iran's 31 provinces to save energy during the bitterly cold weather.

The Iranian rial has dropped against the dollar and other world currencies -- when the protests erupted on Sunday, the US dollar was trading at around 1.42 million rials, compared to 820,000 rials a year ago -- forcing up import prices and hurting retail traders.

On Tuesday morning, most shops and cafes in Tehran were open as usual along the vast Vali-asr Avenue which runs 18 kilometres (11 miles) from north to south through Tehran, AFP saw.

Riot police were, nonetheless, monitoring the main squares in the city centre.

It was into this atmosphere that President Masoud Pezeshkian -- who has less authority under Iran's system of government than supreme leader Ayatollah Ali Khamenei -- met Tuesday with labour leaders and made proposals to tackle the economic crisis, according to press agency Mehr.

"I have asked the interior minister to listen to the legitimate demands of the protesters by engaging in dialogue with their representatives so that the government can do everything in its power to resolve the problems and act responsibly," he said, in a social media post.

According to state television, parliamentary speaker Mohammad Bagher Ghalibaf, also called for "necessary measures focused on increasing people's purchasing power" but warned against foreign agents and government opponents attempting to exploit the protests.

On Monday, the government announced the replacement of the central bank governor with former economy and finance minister Abdolnasser Hemmati.

- Battered economy -

Price fluctuations are paralysing sales of some imported goods, with both sellers and buyers preferring to postpone transactions until the outlook becomes clearer, AFP correspondents reported.

According to the Etemad newspaper, one trader complained that officials had offered no support to storekeepers battling soaring import costs.

"They didn't even follow up on how the dollar price affected our lives," he complained, speaking on condition of anonymity.

"We had to decide to show our protest. With this dollar price, we can't even sell a phone case, and the officials don't care at all that our lives are run by selling mobile phones and accessories."

In December, inflation stood at 52 percent year-on-year, according to official statistics. But this figure still falls far short of many price increases, especially for basic necessities.

The country's economy, already battered by decades of Western sanctions, was further strained after the United Nations in late September reinstated international sanctions linked to the country's nuclear programme that were lifted 10 years ago.

Western powers and Israel accuse Iran of seeking to acquire nuclear weapons, a charge Tehran denies.

(F.Schuster--BBZ)