News tagged: currency-fraud — Arz360
All Arz360 news tagged currency-fraud.
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Fraudulent Money Changer Arrested After Defrauding Foreign Football Coach
Alborz police arrested a fake money changer who defrauded a foreign football coach and nine other victims out of large sums. The suspect confessed to receiving foreign currency and rials from ten victims.
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Bitcoin's Golden Days: Why a Few Sessions Determine Annual Returns
Bitcoin's annual returns concentrate in a handful of peak trading sessions, making market-timing a near-impossible challenge for institutional players.
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SCREEN Holdings raises full-year outlook after soft first quarter
SCREEN Holdings raised its full-year sales forecast to JPY 743 billion after soft Q1 results driven by timing delays. Shares gained 1.96% on stronger guidance and upgraded WFE market growth outlook.
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Sterling Slips Against the Aussie as RBA Rate Hike Bets Mount
Sterling fell to a three-month low vs the Aussie after Australia's Q2 GDP beat lifted RBA hike odds to 70%. UK gilt yields at multi-decade highs added to the pressure.
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Dollar to Naira Rate Opens Week at N1,321 Official, N1,400 Parallel
The naira opened the week at N1,321.68 to the dollar officially, with the parallel market selling rate reaching N1,400. The N78 spread between the two markets remains a key concern for importers.
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Qalibaf Warns Washington: Iran's Response Will Be Swifter and More Severe
Iran parliament speaker Qalibaf warned the US any threat to Iran security would draw a swifter and harsher response, calling the current conflict a full-scale war and pledging stronger deterrence.
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Tehran Bourse Bounces Back as 697 Stocks Turn Positive
Tehran's main stock index climbed 1.21% to 6.68 million units, rebounding from early selling pressure with 697 stocks closing positive.
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Iran Mineral Exports Rerouted as Strait of Hormuz Closes
Iran's mineral exporters face steep cost hikes as Strait of Hormuz closure forces a shift from sea freight to overland and rail routes.
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RBA Rate Hike Bets and US-Iran Tensions Weigh on GBP/AUD
GBP/AUD edged higher Tuesday on risk aversion, but RBA rate hike bets and Australian GDP data due Wednesday could reverse Sterling's gains.
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Canadian Dollar Holds Firm Despite Rate Gap and Trade Uncertainty
USD/CAD held near 1.39 as Scotiabank cited CAD resilience amid Fed uncertainty, forecasting limited upside beyond 1.40 resistance.
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Six Months of War: Iran's Economy Buckles Under Inflation and Oil Collapse
Iran's economy faces 89% inflation, a near-200,000-toman exchange rate, and a 76% drop in oil exports; the US has spent at least $37.5B, while global shipping and energy costs have risen.
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Price Hikes Alone Cannot Solve Iran’s Gasoline Overconsumption
An energy economist says Iran cannot tame fuel demand through price hikes alone, recommending free public transit, fleet renewal, and curbing inflation expectations.
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Fed Chair Warsh Keeps Rate-Hike Option Open at Jackson Hole
Fed Chair Warsh warned at Jackson Hole that rates may rise again if inflation fails to reach 2%. Near-term cuts remain data-dependent.
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The Line Between Mere Survival and True Industrial Resilience
A new analysis draws a sharp distinction between industrial survival and genuine resilience. As geopolitical shocks multiply, economists warn that simply avoiding collapse is not a measure of resilience.
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A Man for the Crisis: History's Mirror for Iran's Economic Policymakers
With Iran's economy beset by inflation, deficits, and energy shortfalls, Tejarat-e-Farda draws a lesson from 1941: crises call specialists to power, but authority must accompany expertise.
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Iran Issues Foreign Currency Facility Rules for Essential Goods Imports
Iran announced foreign currency credit facilities with up to six-month repayment terms for essential goods imports. Banks may now issue letters of credit and currency transfers to sustain food security.
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Iran's Rial Crashes Past 2 Million Per Dollar as Sanctions Tighten
Iran's rial crashed past 2 million per dollar on open markets as US financial pressure mounts. Citizens face collapsing purchasing power amid food price surges and skyrocketing medical costs.
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Lebanese Media: US Sanctions on Iran Face Growing Limits
A Lebanese outlet argues that Iran's eastern alliances and alternative financial channels are blunting the impact of US maximum-pressure sanctions.
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China's Yuan Strengthens Toward 6.60 as BofA and MUFG Align on Appreciation
USD/CNY fell to 6.72 as the Yuan logged its strongest level in over three years. BofA and MUFG both target 6.60, driven by exporter conversion flows and an undervalued currency.
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Iran's Rial Hits Record Low as U.S. Prepares New Sanctions Wave
Iran's rial plunged to a record 2.02 million per dollar on the open market as the U.S. announced sweeping new sanctions targeting digital assets, gold, aviation, and shipping. Treasury Secretary Bessent called the move an economic D-Day for Tehran.
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Iran Car Market Slips 1.5% in August With Price Gains Forecast Ahead
Iran's car market fell an average 1.5% in August despite political and currency pressures. Price increases are forecast as new U.S. economic actions and a weakening rial take hold.
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Tehran Stock Exchange Scales New Heights
Tehran main index breached the 6.1 million-point mark before sellers stepped in, trimming intraday gains.
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Two Years In, Trump's Economic Promises Give Way to Rising Debt and Costs
Trump's pledges to cut prices and fix US finances remain unfulfilled two years on, with national debt, energy costs, and Iran war-driven inflation pulling in the opposite direction.
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Iran's Ex-Central Bank Chief: Sanctions Raise Trade Costs But Won't Halt Commerce
Iran's former central bank chief says tighter sanctions will raise trade costs but won't halt commerce, citing decades of experience navigating restrictions.
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The New Yorker's Six-Month War Review: Iran Holds Firm, US Grows Weary
The New Yorker rates Washington's six-month Iran campaign as strategically thin. With Hormuz closed and US costs mounting, Tehran appears positioned to outlast America.
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Trump and Vance Split Over Iran War Goals, a $50 Gap Divides the White House
Trump and Vance diverge on Iran war goals, exposing a $50 divide in White House policy. When political aims become unclear, military force loses its strategic compass.
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Canadian Dollar Rallies as Oil Climbs and USD Weakens
The Canadian Dollar extended gains Thursday as WTI crude topped $85.58 and fading Fed rate-hike bets weighed on the US Dollar, driving USD/CAD to 1.3776.
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New Zealand Dollar Climbs Above 0.5950 on China Rate Hold
NZD/USD climbed to 0.5955 after China held lending rates steady for a 15th straight month. ING forecasts the pair reaching 0.60 within six months.
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Currency Swings Are Reshaping Who Wins in Global Coffee Markets
Currency volatility is reshaping coffee supply chains, with producers in Colombia, Brazil, and Ethiopia absorbing losses in local terms that dollar-denominated buyers never see. Exchange rate moves — more than spot prices — are driving sourcing decisions across origins.
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Kraken Parent Payward Joins Anthropic's Project Glasswing for AI Security Push
Payward, Kraken's parent company, joined Anthropic's Project Glasswing and gained access to Claude Mythos 5 to proactively hunt software vulnerabilities. Open-source findings will be shared with developers.