Economy, Business And Markets
0

Unregulated Forex Trading Under Judicial Scrutiny

Measures by police and relevant bodies have continued in accordance with the law to round up people who engage in unregulated forex trade
The rial was traded at 44,740 to the dollar in Tehran on Feb. 27.The rial was traded at 44,740 to the dollar in Tehran on Feb. 27.

As the crackdown on the foreign exchange black market continues, Tehran's prosecutor announced on Tuesday that so far 1,300 bank accounts belonging to unregulated currency traders have been frozen.
Abbas Jafari Dolatabadi added that the turnover of these accounts totaled 60 trillion rials ($1.33 billion). He added that 27 currency traders have been referred to the Prosecutor's Office by the Police and Intelligence Ministry. 
"Measures by police and relevant bodies have continued in accordance with the law to round up people who engage in unregulated forex trade," Dolatabadi was quoted as saying by IBENA. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com