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  • Iran May Seek Death Penalty For Currency Speculators

    From businessinsider.com

    Read Full Story at businessinsider.com

    Iran is struggling to control black market currency trading as the riyal plummets against the dollar following U.S. sanctions. The current market rate stands at around 18,800 rials per dollar, which compares to the official rate of around 11,500 rials. Recent efforts to quash the black market activity included a major currency revaluation. However, Iran is now considering the ultimate punishment to control its currency. The Washington Post's Thomas Erdrink (h/t DealBreaker) reports: In addition, the chief of Iran’s judiciary, Ayatollah Sadegh Amoli Larijani, threatened Wednesday to seek the death ... (full story)

    • ibotman
      ibotman's Avatar

      121 posts
    • Scratch Tehran off my list of possible offshore bases...

    • Guest

      IP XX.XXX.188.238
    • In the so called "free market" world that would be akin to saying "You will be sentenced to death if you refuse to trade just because there are others (unlike yourself) with sufficient capital, leverage, software and arrangements with liquidity providers that they can at will suddenly and substantially move the market price to attain the price level they desire to get their position orders filled at. (LOL!)

    • Guest

      IP XXX.XX.22.118
    • I sure hope the fed will let us know when they start their corpes for corruption policy!

    • Guest

      IP XX.XXX.91.134
    • What if they honor their stops?

    • Guest

      IP XX.XXX.34.145
    • Let's all move to Iran and trade.
      Home of religious crackpots that ban Barbie dolls.
      COU-COU

    • Ringo Star

      37 posts
    • Forex need to be regulated ,I don't think they can punish people who trade legally , if they goin to punish all those unregistered black market monkeys than i think its good for all of us.WE should not insult or say something bad on other people beliefs and thats what i belief.

    • rchrdfrncs

      313 posts
    • Quoting Ringo Star
      Forex need to be regulated ,I don't think they can punish people who trade legally , if they goin to punish all those unregistered black market monkeys than i think its good for all of us.WE should not insult or say something bad on other people beliefs and thats what i belief.
      Would you say the same thing about Mao, Stalin, or Hitler. The death penalty for Black Market anything is a little extreme, and it only speaks to the state of mind of Iranian authority. This may well be the reason they have a black market in the first place. Heavy handed authority always invites injustice because it is itself unjust.

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