Saturday, 06 October 2012 18:09
TEHRAN: Money changers in central Tehran were open on Saturday but refusing to sell dollars at a fixed rate in defiance of a new order by authorities seeking to reverse a collapse in Iran's currency that sparked protests this week.
"We received an order from the Money Changers' Association (under control of the Central Bank) telling us to buy the dollar at 25,000 rials and sell at 26,000," one exchange bureau employee told AFP.
"Nobody is selling at this price and we are not trading," he said. The bureaux in the central Ferdowsi area of Tehran had opened for the first time since Wednesday's protests, in which scuffles broke out between police and stone-throwing individuals.
Sixteen exchange market "disruptors" were arrested, according to prosecutors.
The dollar rate being imposed on Saturday would strengthen the rial by 25 percent than the last trades recorded on Wednesday, when the dollar was fetching around 36,000 rials itself a ...