Central bank deputy arrested as Iran grapples with forex crisis

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: