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Iran: 90 foreign currency dealers arrested in Tehran amid rising forex prices01:19

Iran: 90 foreign currency dealers arrested in Tehran amid rising forex prices

Iran, Islamic Republic of, Tehran
February 14, 2018 at 15:22 GMT -00:00 · Published

Iranian police forces arrested 90 foreign currency dealers on charges of disrupting the foreign currency market on Wednesday, amid rising currency prices.

In a joint operation between the police and Central Bank of Iran, 10 currency exchange facilities were closed down.

According to Tehran police, one high-profile figure dealing in foreign exchange was arrested during the raid.

The development comes as Iran is dealing with a surge in foreign currency rates, particularly the US dollar. The rising tension between Iran and the United States over the 2015 Iran nuclear deal has been pointed out as a cause of market turbulence.

Iran: 90 foreign currency dealers arrested in Tehran amid rising forex prices01:19
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Description

Iranian police forces arrested 90 foreign currency dealers on charges of disrupting the foreign currency market on Wednesday, amid rising currency prices.

In a joint operation between the police and Central Bank of Iran, 10 currency exchange facilities were closed down.

According to Tehran police, one high-profile figure dealing in foreign exchange was arrested during the raid.

The development comes as Iran is dealing with a surge in foreign currency rates, particularly the US dollar. The rising tension between Iran and the United States over the 2015 Iran nuclear deal has been pointed out as a cause of market turbulence.

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