Tuesday, January 22nd 03:26 PM IST

Iran arrests 40 people over Gold markets manipulation

# Iran gold reserves  # Central Bank of Iran  # gold manipualtion  

According to country's Judiciary spokesman, indictments have been issued against the suspects and 20 other suspects are being held in custody.

TEHRAN(BullionStreet): Sanctions hit Iran arrested 40 persons on charges of manipulating the country's foreign exchange and gold markets.

According to country's Judiciary spokesman, indictments have been issued against the suspects and 20 other suspects are being held in custody.

Iranian officials had previously said that the arrested individuals had been exacerbating the situation in the country's foreign exchange and gold markets through carrying out illegal activities.

In recent months, Iran's rial has steeply fallen against hard currencies in open-market trade, and the price of gold coins has sharply risen in the country's markets

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