Feb 14, 2018

Iranian police arrested around 100 money changers on Wednesday as it scrambled to contain the decline of the rial, which has lost a quarter of its value in six months.

A video by state broadcaster IRINN showed dozens of currency hawkers, who normally ply their trade across the road from the British embassy in central Tehran, being rounded up by police.

Iran's currency has collapsed from 38,400 rials to the dollar in July to a record low of 48,400 on Wednesday.

Tehran's chief of police, General Hossein Rahimi, told local media that 10 exchange offices had also been shut.

Iran's nuclear deal with world powers, which lifted many international sanctions, had raised hopes that the currency would regain its lost value.