Iran Cracks Down On Currency Traders Amid Steep Fall In Rial
Iranian authorities have arrested dozens of money changers in Tehran amid a steep decline in the Iranian currency that has sent the rial to a record low against the U.S. dollar. A video by state broadcaster IRINN on February 14 showed dozens of currency hawkers who usually are stationed across the street from the British embassy in central Tehran being rounded up by police. Iran's currency has lost a quarter of its value in six months, collapsing from 38,400 rials to the dollar in July to a record low near 50,000 in trading on the London ...
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