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“During the course of investigation, we came to know that the accused was a repeat offender and was in Hyderabad on July 26. He had stayed at a newly-inaugurated star hotel in Madhapur. With the available information, we zeroed in on his movement and nabbed him,” the Commissioner said.
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The accused was involved in the murder of a 75-year-old woman in Goa in 2014 and was also involved in a fraudulent land deal in Pune in 2013.
He was also involved in a similar forex fraud in May and had cheated Polepalli Buchaiah of Karmanghat and Javed from the city.
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The Cyberabad police seized one country-made pistol, seven live rounds, four cars, 304 grams of gold ornaments, ₹26 lakh, $15,000 and ₹5.74 lakh of demonetised currency from his possession.
“We also recovered counterfeit currency of ₹2,000 notes stuffed in five bags and 42 mobile phones from Siddiqui,” Mr Sajjanar said.
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New guidelines by the Central Bank of Iran regarding the supply of foreign exchange for travel purposes have seemingly helped fix the flaws of the former misguided policy through creating a more efficient system despite jacking up the general cost of travel.
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The maximum amount of currency allocated to travelers to foreign destinations had been set at €500 and €1,000 for neighboring and distant countries respectively and $200 for Saudi Arabia at the official subsidized exchange rate and on a once-a-year-only basis.
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Pundits insisted that the subsidy should be eliminated to prevent the runaway outflow of foreign currency while others argued that the cap would cause trouble for those who might need larger sums such as health tourists.
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The Central Bank of Iran has urged people to meet their hard currency requirements through the established foreign exchange market, which consists of banks and certified exchange bureaux, announcing that it is preparing a framework to respond to all currency needs.
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In a statement published on CBI's website, the bank also warned people that purchasing hard currency from the unofficial market, including street dealers, involves risks and losses.
"The Central Bank of Iran is devising an operational plan for answering all the currency needs within the formal market," the bank said on Thursday.
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KINGSTON, Jamaica — The US dollar on Friday, August 10 ended trading at J$136.43 up by 25 cents according to the Bank of Jamaica's daily foreign exchange trading summary.
Meanwhile, the Canadian dollar ended trading at J$104.91 down from J$105.97 while the British pound sterling ended trading at J$174.13 down from J$175.17.
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New guidelines by the Central Bank of Iran regarding the supply of foreign exchange for travel purposes have seemingly helped fix the flaws of the former misguided policy through creating a more efficient system despite jacking up the general cost of travel.
The maximum amount of currency allocated to travelers to foreign destinations had been set at €500 and €1,000 for neighboring and distant countries respectively and $200 for Saudi Arabia at the official subsidized exchange rate and on a once-a-year-only basis.
Pundits insisted that the subsidy should be eliminated to prevent the runaway outflow of foreign currency while others argued that the cap would cause trouble for those who might need larger sums such as health tourists.