Iran holds 100 traders and freezes accounts in dollar crackdown:
"Iranian authorities have detained almost 100 currency traders and frozen bank accounts reportedly worth 200tn rials ($5.3bn) in the biggest crackdown on foreign exchanges in six years.
The operation is aimed at tackling a slide in the value of the rial, which is down more than 10 per cent this year, caused by a dollar shortage that has spooked businesses reliant on hard currencies.
Iran is facing renewed threats from Washington to reimpose sanctions lifted in 2015 and rumours of a co-ordinated move by the US and some Gulf states to up pressure on the Islamic Republic by further restricting its access to hard currencies. Iranians often obtain dollars via the United Arab Emirates."
'via Blog this'
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