Crackdown on Unlicensed Exchangers Continues
Crackdown on Unlicensed Exchangers Continues
Wednesday, April 25, 2018

Crackdown on Unlicensed Exchangers Continues

Wednesday, April 25, 2018

Crackdown on Unlicensed Exchangers Continues

As the Central Bank of Iran is continuing its rate unification and market control policies, the Tehran police force is maintaining its support for the regulator by cracking down on speculative and illegal activities.
“Last week, more than 44 unlicensed bureaux de change were closed and 38 foreign currency speculators and unlawful dealers were identified and arrested,” Tehran Police Chief Brigadier General Hossein Rahimi was also quoted as saying by Fars News website.
The official said his forces are working in tandem with the judiciary’s anti-smuggling and price regulating agency concerning speculative activities in the currency market.
“The police will execute its mission concerning the currency market with full force,” he declared, adding that he and his colleagues recently had a meeting with CBI Governor Valiollah Seif in which they pledged to continue cooperation with the central regulator.
The meeting took place late Monday at the central bank and was also attended by Tehran Governor Mohammad Hossein Moqimi who reaffirmed his commitment to combating speculative activities in currency hubs.


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.

Short URL : https://goo.gl/jZHNB7
  1. https://goo.gl/C6bv4G
  • https://goo.gl/9dfy1B
  • https://goo.gl/xgUF7B
  • https://goo.gl/MnHLFM
  • https://goo.gl/jsKScJ

You can also read ...

Fresh Forex, Gold Coin Rally in Tehran Market
After a period of calm, the US dollar is once again surging in...
SpaceX founder Elon Musk says block 5 boosters should be able to fly 50 to 60 times with minimal refurbishment between flights.
Lighting up the deep overnight sky, a SpaceX Falcon 9 rocket...
Guidance Forum for Startups
The local accelerator Novintech is set to hold a Q&A...
Iran-Europe Business Center Hosts Talks in Berlin to Foster Tech Ties
A meeting has been held between Iranian and European startups...
The IFB debt market, where most of the Islamic bonds are sold, is currently worth over $13 billion.
Average yield to maturity in the Iranian debt market has...
Isfahan Airport to Increase Plane Parking Capacity
Isfahan International Airport’s parking project has started...
Time to Resume Garlic Exports  to Iraq
Iraq’s Agriculture Ministry had banned the import of Iranian...
Seafood Exports Earn $50m in 2 Months
About 16,000 tons of seafood worth close to $50 million were...

Add new comment