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TEHRAN:Iran executed a trader dubbed the Sultan of Coins and his accomplice on Wednesday for exploiting a surge in gold demand from savers spooked by this year's currency crisis.Vahid Mazloomin and accomplice Mohammad Esmail Ghasemi were both executed after being convicted of corruption on earth -- Iran's most serious capital offence -- for forming and running a network for disrupting the economy , said the judiciary's news agency Mizan online.Iran has suffered a sharp economic downturn this year, fuelled in part by US President Donald Trump's stan smith scratch decision in May to withdra adidas originals handball spezial w from a landmark 2015 nuclear deal between major powers and Tehran and reimpose crippling unilateral sanctions.Fearing for stan smith bleu the economy, many Iranians rushed to secure their savings by buying foreign exchange and precious metals, causing the rial to lose around 70 per cent of its value against the dollar and the price of gold coins to quadruple.Police said Mazloomin had amassed around two tonnes of gold coins by t Shrv NFRCC rules out food shortage
NUSA DUA:The US Federal Reserve does consider the impact of interest rate hikes on emerging markets when setting policy, but the increases are the nike air max kids right course of domestic policy for the world s largest economy, said a top Fed official. The comments by Fed Vice Chair Randal Quarles came as some emerging markets face increasing pressure this year as higher US interest rates draw foreign capital away and due to fears of red dunks fallout from a tariff war between the US and China. The Fed has also been at the receiving end of criticism from Trump, who on Thursday called its interest rate increases a ridiculous policy. Those surprisingly caustic remarks came a day after the president told reporters that the Fed has gone crazy. If you look around the world, I think the Asian region as a whole is reaso adidas adilette damen nably strong relative to certain areas in the past, Quarles said.聽聽Published in The Express Tribune, October 14th, 2018.Like聽Business on Facebook, follow @TribuneBiz聽on Twitter to stay informed
TEHRAN:Iran executed a trader dubbed the Sultan of Coins and his accomplice on Wednesday for exploiting a surge in gold demand from savers spooked by this year's currency crisis.Vahid Mazloomin and accomplice Mohammad Esmail Ghasemi were both executed after being convicted of corruption on earth -- Iran's most serious capital offence -- for forming and running a network for disrupting the economy , said the judiciary's news agency Mizan online.Iran has suffered a sharp economic downturn this year, fuelled in part by US President Donald Trump's stan smith scratch decision in May to withdra adidas originals handball spezial w from a landmark 2015 nuclear deal between major powers and Tehran and reimpose crippling unilateral sanctions.Fearing for stan smith bleu the economy, many Iranians rushed to secure their savings by buying foreign exchange and precious metals, causing the rial to lose around 70 per cent of its value against the dollar and the price of gold coins to quadruple.Police said Mazloomin had amassed around two tonnes of gold coins by t Shrv NFRCC rules out food shortage
NUSA DUA:The US Federal Reserve does consider the impact of interest rate hikes on emerging markets when setting policy, but the increases are the nike air max kids right course of domestic policy for the world s largest economy, said a top Fed official. The comments by Fed Vice Chair Randal Quarles came as some emerging markets face increasing pressure this year as higher US interest rates draw foreign capital away and due to fears of red dunks fallout from a tariff war between the US and China. The Fed has also been at the receiving end of criticism from Trump, who on Thursday called its interest rate increases a ridiculous policy. Those surprisingly caustic remarks came a day after the president told reporters that the Fed has gone crazy. If you look around the world, I think the Asian region as a whole is reaso adidas adilette damen nably strong relative to certain areas in the past, Quarles said.聽聽Published in The Express Tribune, October 14th, 2018.Like聽Business on Facebook, follow @TribuneBiz聽on Twitter to stay informed