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Iran May Seek Death Penalty For Currency Speculators


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Iran May Seek Death Penalty For Currency Speculators

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 kbit 
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[COLOR=#0000ff]riyal plummets against the dollarIran is struggling to control black market currency trading as the following U.S. sanctions.[/COLOR]


The current market rate stands at around 18,800 rials per dollar, which compares to the official rate of around 11,500 rials.

[COLOR=#0000ff]major currency revaluationRecent efforts to quash the black market activity included a .[/COLOR]
[COLOR=#0000ff]Washington Post's Thomas ErdrinkHowever, Iran is now considering the ultimate punishment to control its currency. The (h/t [COLOR=#0000ff]DealBreaker[/COLOR]) reports:[/COLOR]

In addition, the chief of Iran’s judiciary, Ayatollah Sadegh Amoli Larijani, threatened Wednesday to seek the death penalty for major speculators. Speaking about the unrest in the foreign-exchange markets, he warned that “depending on the importance of their crimes, some of the economic corrupted can face execution,” the semiofficial Mehr News Agency quoted him as saying in a meeting with judicial officials on the currency crisis.


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Last Updated on February 2, 2012


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