Posted inIran, Middle East

Iran targets traders, but rial’s plunge points to broader public mistrust

Iranian police have arrested 90 currency traders, officials reportedly announced this week, after the nation’s currency fell to a record low of 50,000 to the dollar. Amid widespread public dissatisfaction with the government’s handling of the economy, some local observers are pointing the finger at speculators distorting the currency market. Newcomers are looking to profit […]

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