Iran's Currency Hits Record Low; Police Target Illicit Trading 

Iranian authorities have arrested 12 foreign exchange traders accused of illicit dealings, in the government's latest response to the plunging value of the national currency against the dollar. In a report published Wednesday, state news agency ISNA quoted Tehran's police chief, Hosein Rahimias, as saying the 12 currency traders had been detained in the capital the previous day on suspicion of "market disruption." Rahimi said police had seized an undisclosed amount of money from the...

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