Thursday, September 30, 2010

Bazaar Strike Redux

Gold traders in Iran's bazaars are on strike again:
"Gold merchants throughout Iran are joining a strike to protest a new tax on gold that they say severely hurts their business, RFE/RL's Radio Farda reports.

"The gold bazaar in Tehran went on strike shortly after the government announced on September 26 that it was adding a 3 percent VAT (value-added tax) on gold products.

"The strike has since stretched to other cities such as Mashhad, Shiraz, Ghazvin, Qom, and Sabzevar."

The widespread bazaar strike over the summer began in the gold and textile sectors. However, so far, I haven't seen anything suggesting this one is spreading across economic sectors. See here for a little about how the Iranian bazaar today is different from that of the 1970's

(Crossposted to American Footprints)



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