Iran currency traders face pressures

Forced to operate underground

Washington Post: 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. One U.S. dollar now buys about 31,000 rials on the black market and 30,000 in licensed shops, while the official rate remains at 12,260 >>>

30-Oct-2012
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