Next wave of arrests regarding Iran's currency jumps started
Azerbaijan, Baku, Oct. 8 /Trend S.Isayev, T. Jafarov/
A new round of arrests in Iran, connected with manipulating the foreign exchange market has started this morning, Mehr reported.
Reportedly, the dealers and traders at the Firdowsi Square in Iran are being arrested by the local police for further investigation.
Yesterday, Tehran Prosecutor General Abbas Jafari Dolatabadi said some 30 suspects have been arrested in the country throughout the week, adding that large amounts of foreign currency and golden coins have been seized from the arrested.
On Wednesday, a number of people held a demonstration near the Grand Bazaar of Tehran, using the sharp fall in the value of the Iranian rial as a pretext.
The USD rate in Iran increased from 13,000 rials in the beginning of 2012 to 25,000 in mid September, but suddenly rose to 36,000 during a week on Iran's open market in late September.
Tehran's major market, Bazaar, has been closed since Wednesday and re-opened on Saturday.
According to earlier reports, businessmen are unhappy about the performance of the administration in regulating the foreign exchange market, saying it has caused instability in prices.