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Is Iran Finally Going To Collapse?
Iran is threatening black market currency speculators with
execution as its currency, the rial, is collapsing.
In what could be the most bizarre news of the day, Reuters reported: "Faced with a plummeting currency in the wake of toughened international sanctions, Iran is cracking down on black-market money changers and warning that major speculators could face execution."
Why? According to the report: "The crackdown comes as Iranian authorities are struggling to stabilize the rial, which has nosedived amid announcements of new U.S. and European sanctions against Iran’s central bank and oil exports."
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And a familiar Stalineske story is unfolding as "undercover" police have made several high profile arrests on the streets of Tehran, taking in money changers as a sign that they mean what they say.
The report added: "The government has also announced that special branches of state banks will be set up at Iran’s international airports, where travelers leaving the country will be able to purchase up to $1,000 in foreign currency — after passing through passport and customs controls — and take it with them abroad."
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