Central bank deputy arrested as Iran grapples with forex crisis

Vice-governor in charge of forex has been “arrested and sent to jail”, state media reports

The Central Bank of Iran
The Central Bank of Iran
Ensie & Matthias/Flickr

The vice-governor of the Central Bank of Iran (CBI) responsible for foreign exchange has been arrested, according to state media, as the country grapples with a worsening currency crisis.

Ahmad Araghchi “has been arrested and sent to jail”, a spokesman for the Iranian judiciary said, in quotes published by the state-run Islamic Republic News Agency (IRNA) on August 5.

The article gave few details as to the allegations against Araghchi, but mentioned an employee from the president’s office

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.