[2018-04-16] Government of Iran Bans Foreign Fiat Currency Exchanges

[DeadCoin]

No More Currency Exchange Shops

Government of Iran Bans Foreign Fiat Currencies Exchanges. The Central Bank of Iran (CBI) has announced a ban on the trading of foreign currencies by individuals and companies at private exchanges across the country. According to local news reports, forex exchanges in Iran are now only allowed to buy or sell gold coins “until further notice.”

https://news.bitcoin.com/government-of-iran-bans-foreign-fiat-currency-exchanges/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Whats really happening with Countries? What is the wrong with the exchanges?

[richardsNY]

It's a desperate attempt to prevent people from hedging their shitty fiat currency that only makes them lose out as time goes by. This once again shows that converting a decent chunk of your wealth to Bitcoin is the only way to move forward. If people did that, they wouldn't be that much affected by these measures right now. People always need to go through these situations in order to wake up -- acting in advance of the happening is what everyone should aim for. Currently, almost 40% of my wealth consists of Bitcoin, and as time goes by, fiat will eventually account for a very small percentage only due to how the price keeps going up....