Central bank deputy arrested as Iran grapples with forex crisis

The Central Bank of Iran
The Central Bank of Iran
Photo: 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

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