Economy, Business And Markets
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Seif Defends Forex Crackdown, as Public Confidence Soars

Central Bank of Iran Governor Valiollah Seif has defended raids and crackdown efforts on Tehran’s foreign exchange market to curb the high rates
Iran’s currency had lost a quarter of its value in six months, sliding to a record low of 49,000 last week. Iran’s currency had lost a quarter of its value in six months, sliding to a record low of 49,000 last week.
Authorities have closed the bank accounts of 775 people suspected of distorting the foreign exchange market with capital movements totaling 200 trillion rials ($4 billion)

Governor of the Central Bank of Iran Valiollah Seif defended this week's crackdown on...

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