Scratch Tehran off my list of possible offshore bases...
Iran May Seek Death Penalty For Currency Speculators
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 penalty for major speculators. ... (full story)
- Posted: Feb 2, 2012 12:59pm
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