Iran Arrests Currency Traders in Attempt to Halt Rial's Slide
Rial reportedly fell to record low versus dollar on Tuesday/ Depreciation comes as government faces growing discontent/ Iranian authorities closed almost a dozen currency-exchange offices and arrested traders, part of an effort to stem a fall in the value of the rial that could push up prices at a time of growing discontent./ The rial weakened to 49,580 to the dollar in unregulated trading on Tuesday, according to state-run media, with reports of some transactions reaching a record low of 50,000 rials. It strengthened to 48,350 Wednesday. A ...
Click
To Read Full Article
