U.S.: IRI Profiting From Currency Decline

39% difference between official rate and market rates

Bloomberg: The Obama administration is accusing the elite of Iran’s regime and the Iranian Revolutionary Guard Corps of profiting “on the back of the average Iranian” as the nation’s currency plunges under pressure from international sanctions. The new allegation coincides with the decline in the market value of the Iranian rial, which has dropped about 15 percent against the dollar in the past five weeks and 35 percent since March, according to Tehran’s independent Donya-e-Eqtesad newspaper. The 39 percent difference between the central bank’s official rate and market rates on Dec. 21 was the largest in almost two decades, economists in Tehran and Washington said in interviews >>>


from Ghormeh Sabzi
27-Dec-2011
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amirparvizforsecularmonarchy

The Blooberg article while good in details

by amirparvizforsecularmonarchy on Tue Dec 27, 2011 07:32 AM PST

is not without B&^%S&^% in its spin In favor of the USA/Obama.

//iranian.com/main/blog/amirparvizforsecu...

Obamas role has been to secure IRI and his administrations policies have intentionally weakened the people of Iran, while strengthening the IRI. Will the approach change, not likely, this was intentionally done and policies that would really create trouble for IRI are not followed. 

 


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Fred

Airtight sanctions

by Fred on Tue Dec 27, 2011 05:49 AM PST

Before the nuke acquiring, warmongering and Iranian murdering Islamist Rapists start a devastating war, the sane world has to impose  airtight sanctions which includes oil/gas/Central Bank and maritime inspections.


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