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Germany, Armenia, Turkey, Azerbaijan, Russia, the Netherlands, France, Italy, South Africa and the Persian Gulf littoral states constitute the main importers of Iranian handicrafts. Just across the Persian Gulf in Saudi Arabia, for example, a report released in July found that one group of scammers were trying to imitate major Polish broker XTB in Saudi Arabia and pose as its official representatives in order to defraud traders. The privilege is gained following constant efforts made by the Cultural Heritage, Handicrafts and Tourism Organization to support the budding trade. Journalists reported a heavy build-up of riot police on Sunday night, including at least one armoured personnel carrier, in the town of Karaj, just west of Tehran, that has seen days of unrest. The Iranian Rial is expected to trade at 42340.20 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Historically, the Iranian Rial reached an all time high of 44070 in July of 2018 and a record low of 1747.50 in May of 2000. In April of this year, three people were also given prison sentences of several hundred years in nearby Dubai over a forex scam. The firm had previously enjoyed a high profile in Dubai, where it occupied offices in the Arenco Tower in the Media City area of town. This exceptions cause a wave of happiness for handicrafts exporters yet secures booming of the non-oil trade which is deemed as vulnerable, ilna"d chhto deputy director Pouya Mahmoudian as saying on Sunday.

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In a recent meeting with handcrafted exporters, they voiced that one of their serious concerns is excessive bureaucracy and paper work in the nima system, she added. The arrests come as Iranians brace for the reimposition of US sanctions on Tuesday, following Washington's withdrawal from the 2015 nuclear deal. A leader in Irans foreign exchange sector has been arrested just one day after he was removed from office at the Central Bank. A Sunday evening programme on the Iranian state broadcaster revealed a number of major measures which would be taken, including giving the right to sell hard currency to the countrys exporters. The Iranian central bank's top foreign exchange official has been arrested, the judiciary said Sunday, as tensions rise ahead of the imminent return of US sanctions. Looking forward, we estimate it to trade at 43377.60 in 12 months time. Ahmad Araghchi, who worked at the Central Bank of Iran as a Vice-Governor with specific responsibility for forex, was just one of many people who were arrested in what appears to be a concerted judicial effort to combat alleged fraud. Ryan DSouza, Sydney Lemos and Valany Lemos, who were behind financial services firm Exential, were each given 500-year sentences as punishment for their role in the scam.

iran forex