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Currency traders arrested in Tehran

Iran Materials 1 February 2012 17:30 (UTC +04:00)
Tehran’s police arrested foreign exchange brokers who were selling foreign currency on the street instead of shops yesterday,
Currency traders arrested in Tehran

Azerbaijan, Baku, Feb. 1/ Trend M. Moezzi /

Tehran's police arrested foreign exchange brokers who were selling foreign currency on the street instead of shops yesterday, Mehr News Agency reported.

The operation took place on Tehran's Ferdowsi Street where many currency exchange bureaus are located. After revealing the street traders, uniformed policemen and police cars rushed to the area to arrest these individuals.

There were shop owners among those arrested. They advertised that they had no foreign currency to buy or sell on their store windows.

The Iranian government has been trying to stabilize its gold and foreign currency markets last week. The country's central bank has set the dollar's official rate at 12,260 rials but currency traders are selling it for more than 18,000 rials.

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