Friday 26 October 2012

Iran forces currency traders underground - FT.com

Ahmad, a 45-year-old conservative Iranian, saw his business brought to an abrupt halt when his Tehran shop was sealed off by state authorities recently.
A currency trader for 20 years, Ahmad has continued to operate underground, although his daily trade has slowed to a trickle.
Pacing the street by his shuttered shop in downtown Tehran, he waits for customers to call him on his mobile telephone, while fretting about an impromptu visit by the police. “You can’t buy millions of dollars any more, but you can still purchase about $100,000,” he says.

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