Economy, Business And Markets

Crackdown on Unlicensed Exchangers Continues

Crackdown on Unlicensed Exchangers Continues 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.


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