RFERL:

As Iran’s government struggles to contain a major downward swing in the national currency, the rial, hundreds of millions of contraband dollars and euros have been confiscated from exchange offices, a senior police official announced April 19.

“After the government set a single rate for foreign currencies, 200 police task forces were deployed and more than 160 million and 200 million illegal dollars and euros respectively have been discovered and confiscated, so far,” the country’s Deputy Chief of Police, the Islamic Revolutionary Guards Corps (IRGC) General Eskandar Momeni told the government’s official news agency, IRNA.

In an attempt to control the free fall of the rial, the Rouhani administration announced an imposed rate of 42,000 rials to the U.S. dollar April 10. In addition to other protective measures, the government set strict limits on the activity of exchange bureaus and announced that any individual carrying more than 10,000 euros (roughly $12.5 thousand) would be prosecuted.

Go to link