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Iran Hangs Gold Coin ‘Sultan’ in Crackdown After U.S. Sanctions

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Iran executed a gold dealer known as the “Sultan of Coins,” in a warning to merchants not to exploit the country’s financial troubles as U.S. sanctions squeeze the economy.

Vahid Mazloumin was sentenced to death in October after being accused by Iranian authorities of contributing to price hikes by hoarding gold. His assistant, Mohammad Esmail Qassemi, was also hanged early Wednesday, state-run Iranian Students News Agency said.