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 Iran Bans Foreign Currency Trading on Streets

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PostSubject: Iran Bans Foreign Currency Trading on Streets   Mon Jan 16, 2012 5:26 pm

The deputy governor of Iran's central bank says
trading in foreign currency outside of banks or licensed money changing
operations is forbidden.
The
announcement by Ehrahim Darvish on state radio Monday marks the latest
step by the government to curb the steep depreciation pressures on the
Iranian rial, which has shed roughly 40 percent of its value against the dollar.

said that new restrictions enacted Sunday hold that any foreign
currency traded outside of banks or foreign exchange offices is
considered smuggled money subject to confiscation.

http://www.cnbc.com/id/46011124

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