Iranian police forces on Wednesday swooped on foreign currency exchange businesses, closing down 10 exchange facilities and apprehending 90 forex dealers working in the street on charge of disrupting the foreign currency market. They were plying their trade near the British embassy in Tehran.
Iran's nuclear deal with world powers, which lifted many worldwide sanctions, had raised hopes that the currency would regain its lost value.
There is a small-scale panic developing in Iran as people rush out of the rial and into U.S. dollars.
But the currency has continued to weaken, analysts say, particularly in the a year ago as the Trump administration adopted increasingly aggressive policies toward Tehran's rulers.
Iran is doing its best to prevent its struggling economy from spurring more protests against the government.
Still, many, like a currency trader, who asked not to be named.
Pakistan finally declares Hafiz Saeed a terrorist The ordinance amends Sections 11B and 11EE to include groups that have been sanctioned by the UN Security Council. This banning comes right before the crucial Financial Action Task Force (FATF) meeting in Paris.
'Poacher' killed by lions identified He had already killed one lion and was preparing to shoot a second when he was struck by the bullet. Police investigations continue into the possibility of Baloyi being a poacher.
Bangladesh bat first vs Sri Lanka in T20 Batsman Kusal Mendis has been called up to replace Kusal Perera in Sri Lanka's T20 squad for the upcoming series in Bangladesh . Tamim complained of muscle pain in his left arm and Mushfiqur did not train on Wednesday because of a wrist injury.
Rahimi told a news conference that the wave of arrests targeted "brokers" of the dollar on Iran's black market, adding that the police entered the currency line after the market witnessed many fluctuations that led to the rise of the dollar.
But analysts say the fall in Iranian interest rates since September has also stoked the currency's decline by making investments in Iranian bonds and bank deposits less attractive to investors.
Trump's moves to stiffen US sanctions against Iran over its ballistic-missile development and intervention in regional conflicts have prompted many banks and businesses in Europe and Asia to be cautious about reengaging with Iran despite the go-ahead they got under the nuclear deal, analysts say.
The recent uprising at the turn of the year in Iran seem to indicate that the people believe that the root of economic problems in Iran is corruption in government, as well as interventionist policies. They also criticized the funding of the regime's proxies around Middle East and the world.
He noted that a high-profile figure dealing in foreign exchange was arrested in the raid.
Kendall Jenner was spotted in public with Blake Griffin following his break-up with long-time girlfriend Brynn Cameron . Of the five Kardashian sisters, Kendall Jenner seems to attract a disproportionate number of negative headlines.
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Multiple reports indicate he was expelled from the school. "Seventeen people were taken to the Broward Health hospitals", said Dr. He reportedly pulled a fire alarm at the end of the school day in an effort to increase the death toll from his attack.
Asked about security, the mayor said a police officer is always stationed at the school and there was a "single point of entry". Seven victims were transported to Broward Health Medical Center, and one victim was taken to Broward Health Coral Springs.
How Home-based Business Can Benefit from Coworking Spaces
More so, it can encourage productivity by being able to lessen boredom since you will be surrounded by people you can talk to. It Fits the Bill According to statistics, self-employment is on the rise, increasing by as much as 40% in the U.S . by 2020.
South Korea agrees to pay North's Olympic expenses
Kim emphasized the importance of continuing dialogue between two Koreas, according to the North's official news agency. However, he also noted that the US would not be letting up sanctions until North Korea pursues denuclearization .
Sex offender re-elected as fire chief of Pennsylvania town
Gilbert told JET 24 , "My family and our community are being attacked". "Every day I get up and try to do good", Gilbert said . The Corry Journal reports the victim was a child, but the database does not divulge this information, per Pennsylvania law.
GM's Closing Its Gunsan Plant In South Korea
The factory operated at barely 20% of its capacity previous year , building both the Chevrolet Cruze sedan and the Orlando SUV. GM Korea also gave 1.8 trillion won from 2014 to 2016 to its headquarters on the ground of research and development spending.