Iran executes the "Sultan of Coins" for hoarding gold coins

WillieBoyd2

Iran executes the "Sultan of Coins" for hoarding gold coins

From CNN News:

Vahid Mazloumin, a mogul known for his work in the gold coin trade and nicknamed the "Sultan of Coins," and his accomplice Mohammad-Esmaeil Qassemi were found guilty of forming a "smuggling gang" that manipulated the domestic currency market and made "illegal deals," Iran's state-run IRNA news said.

Mazloumin, 58, was arrested in July and sentenced to death in October for allegedly hoarding the coins, a move which Iran said destabilized the country's currency market, IRNA reported.

CNN article:
https://www.cnn.com/2018/11/14/middleeast/iran-currency-executions-intl/index.html

CBS News article with photograph of Iran gold coins:
https://www.cbsnews.com/news/iran-executes-sultan-of-coins-economic-crisis-us-sanctions-trump-nuclear-deal

Illustration of modern Iran gold (bullion) coins with the Ayatollah Khomeini on one side and a mosque on the other:
https://www.abc.net.au/news/2018-11-15/iran-currency-1/10500270

Details on modern Iran gold coins:
https://www.ukbullion.com/bahar-azadi-gold-coins

Swampboy

Crazy Iranian politics

johnny9434

it never ceases to amaze me on some of this stuff

Namvet69

Sucks to be him. Gives new meaning to happy as a clam. Peace Roy

SaorAlba

The government of Iran is another story, but the average people there are quite wise to keep their wealth in gold instead of rials. It is a mindset that even the Islamic Republic can't get people away from.

Timbuk3

Wow, that's "crazy", glad I don't live near there !!!