The Tehran Police force has announced that 88 “gold and foreign currency brokers” have been arrested, as disputes have intensified between the Iranian government and the Central Bank over handling the crisis in the currency and gold markets.
Tag: currency
Iran’s Currency Drops Again Vs. U.S. Dollar
The value of the Iranian rial has plunged by at least 9 percent to a new record low against the U.S. dollar.
Iran’s Currency Tumbles On Forex Markets
Iran’s rial currency plunged more than 7 percent in open-market trading on October 1, falling to a new all-time low of 32,250 rial to the U.S. dollar.
Iran’s currency crisis reaches new level
The Iranian currency has fallen to a historic low despite all efforts by the Islamic Republic to control the market.
Iran scraps cheaper foreign currency for studies abroad
Iran’s Minister of the Economy has announced that the Central Bank will not be responsible for providing foreign currency for students pursuing their education abroad.
Overt and covert hands in Iran’s foreign currency market
There is no calm in sight for the Iranian currency market and Iranians do not expect anything else either.
Iranian currency hits record low
The Iranian currency hit a record low on September 9 with street traders offering the dollar at 24,430 rials. According to ISNA, only yesterday the rate was at 22,280 rials to a dollar.
Iranian currency in freefall
Iran’s currency has experienced another steep fall against the U.S. dollar, with each dollar buying more than 20,000 rials.
Iranian currency continues slide in value
Iran’s currency continues to experience a steep fall in value as sanctions tighten on Iranian oil and the country’s financial sector.
Death penalty announced for “disruptive” currency traders
The head of Iran’s judiciary announced on Wednesday that the courts will readily “issue death penalties” to the “disruptors” of the country’s foreign currency market.