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Central Bank of Iran: We can not provide hard currency


yota691
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 Date: 2018 Jun. 13 - GMT
 
 
 

The spokesman for the Iranian government, according to the World Bank, the foreign exchange reserves of the country more than 100 billion dollars now.

The bank and the International Monetary Fund (IMF) are expecting Iran's economy to grow 4 percent this year and next, as the region's growth rate is higher, Mohammad Baqer Noubkhat told Iranian television on Tuesday night.

I consider that the state of the general budget and revenues in the last two months of the current fiscal year (started March 21, 2018) are not bad, on the impact of a barrel of oil $ 10 more than the expected price of $ 55 a barrel.

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historical decline of the Iranian currency and the prices of cars multiplied dozens of times

The historical fall of the Iranian currency and the prices of cars multiplied dozens of times

 Twilight News    

 20 minutes ago

 

The price of the dollar has risen again in the official foreign exchange market to more than 6900 Tuman, although the Iranian Central Bank has set the foreign exchange rate at 4,200 tomans, while the value of the green currency exceeds the 7000 mark, Iranian media reported on Tuesday. Toman's free market is the lowest value in modern Iran's history. 
The price of cars has risen steadily over the past 10 days, from 2 million tomans to about 40 million tomans, pointing out that the value of the US currency has exceeded 6900 Tuman in the market Official foreign currencies since Monday.
The website pointed to the failure of the banking policies that the Iranian government of Hassan Rowhani tried recently to limit the scope of the foreign exchange crisis in the country, including the prohibition of possession of more than 5000 euros during travel, in conjunction with a repressive campaign against a large number of brokers and brokers in the famous Ferdowsi region Foreign exchange trading in the capital Tehran. 
This apparent confusion in the management of the foreign exchange market crisis led to ISNA's recognition in a lengthy report that the central bank bears the bulk of responsibility for the deterioration of the situation, asking it to look for alternatives to break the deadlock, The closure of a large number of exchanges and the demand of citizens to search for their requirements of foreign currency recently.
Qambiz Afsari, Iran's economic analyst, attributed the dollar's rise again to the expiration of the deadline set by the United States to impose new sanctions on Tehran over its controversial nuclear program and the Iranians' fear of possible economic consequences. 
The rise in dollar prices has led to surges in several other markets, including electronics, appliances and automobiles, one of the worst-hit markets after major foreign companies in this vital sector, including South Korean Hyundai and French Peugeot Citroen, United States withdrawal from the Iranian nuclear agreement. 
In this context, official Iranian research centers have acknowledged the depth of the country's foreign exchange crisis. The Iranian Parliament Research Center recently issued a 36-page report on the foreign exchange market crisis and its impact on the local economy.
Iran's foreign exchange reserves fell by more than $ 16 billion, while the bank's foreign currency debt rose by $ 12 billion and the budget deficit hit $ 14 billion recently, while the value of foreign currencies increased, the report showed. Estimated at 30% of the official market. 
The report of the Iranian Parliament Research Center attributed the reasons for the worsening of the foreign exchange crisis in the country to several reasons, including the growing steady liquidity, the obstacles facing Iranian banks in establishing banking relations with international banks, due to sanctions imposed on Tehran.
Iran faces deteriorating living conditions, in addition to severe economic crises prior to the US withdrawal from the nuclear agreement, which led to the outbreak of mass protests in a number of different provinces and cities, as well as labor and factional strikes, amid the concern of the Iranian regime to support and finance military militias outside the border to support its influence in several countries. Including Iraq, Syria, Yemen, and others.

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http://www.shafaaq.com/ar/Ar_NewsReader/5f8e36ad-ff23-48d0-be72-71da3f5e0cff

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  • yota691 changed the title to Central Iranian: government measures prevented a new shock in the exchange market
 Date: 2018 Jun. 17 - GMT
 
 
 

The Governor of the Central Bank of Iran and Ali God Saif said that the policies adopted by the government in the exchange rate prevented a new shock in the exchange market after the exit of the American nuclear agreement.

In a statement made on Saturday, Saif explained that the government's decision on the exchange market implemented two months ago is considered a deliberate measure because the policy adopted in this area was prevented at least after the American exit from the nuclear agreement of a new shock in the foreign exchange market. Relative immunity in the market.

He added that the productive units are now assured that they will be able to obtain raw materials at the official price of the dollar (42,000 riyals). As a matter of fact, government decisions will be more mature and integrated in the future. 

Saif explained that efforts are being made to address deficiencies in respect of hard currency issues in the future.

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  • yota691 changed the title to Iranian currency records a record low

Iranian currency records a record low

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Iranian currency records a record low

 

25-06-2018 01:19 PM

 

The Euphrates -

 

The Iranian parliament held a closed session to discuss the continuing decline of the Iranian currency, and the resulting damage to the Iranian economy, the decline today to the lowest levels. 

Iranian parliamentarians will also discuss the worsening economic situation in the country amid calls for the resignation of President Hassan Rowhani and the holding of early elections. 

Iranian activists have organized a wide-ranging campaign of popular demands, including President Hassan Rowhani, demanding the change of his economic team as soon as possible and the search for solutions to emerge from the crisis that began to appear and reflect on the living reality of the public. 

The sharp fall of the Iranian currency against the dollar and other foreign currencies has led to a significant rise in the prices of cars, real estate and commodities, especially imported ones. 

The exchange rate of the Iranian Toman today amounted to 8900 per US dollar, one of the lowest level. According to RT TV

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TEHRAN (Reuters) - An imaginary price for the dollar is triggering mass protests

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TEHRAN (Reuters) - An imaginary price for the dollar is triggering mass protests

 

25-06-2018 02:29 PM

 

The Euphrates -

 

The Iranian parliament discussed in a closed session the continuing decline of the historically low currency and the consequent damage to the economy amid demands for the resignation of President Hassan Rowhani and early elections in the country. 

The parliamentary session coincides with a large-scale popular campaign organized by activists on social networking sites. 
The campaign called for the change of the economic team and the search for solutions to get out of the crisis that weighs on the Iranians. 

Protesters also shouted against Iranian intervention in Syria, which was followed by major damage, exhausted the economy and tired the citizens. Protesters demanded their regime to withdraw immediately. 

On Monday, traders protested the "Hafez Bridge" in the Iranian capital of Tehran, while shopkeepers closed shops to protest the dollar's rise. 

The dollar has reached an unprecedented price in Iran's history in 40 years, in the free Tehran markets, reaching 87,000 riyals against the dollar, despite President Rowhani's promises to curb the currency's decline. 

While the Iranian government, led by Rohani, warns against publishing information on the currency situation to its foreign counterparts, Tasnim, which is close to Iranian security, published a report on Sunday, revealing unprecedented prices traded by money exchange offices away from government censorship. 

According to the foreign exchange website Bonbast.com, which tracks the informal market, the dollar was offered at a price of 87 thousand riyals, compared with about 75 thousand and 500 riyals on Thursday, the last trading day before the weekend in Iran. 

The semi-official ISNA news agency said the dollar had risen to 87,000 riyals from around 74,000 before the end of the week on the black market, and several Iranian websites had published similar reports. 

According to the report, which was titled 'Report with fear and fear of the currency market' that the exchange companies on the street Ferdosi in Tehran, the capital sells the euro 90 thousand riyals, while the pound sterling to more than 100 thousand riyals. 

The Iranian government is trying to unify the official and non-official exchange rate against the dollar, but to no avail, where Iranian citizens say the government did not provide them with the dollar at the official rate of 42 thousand riyals per dollar. 

The Iranian currency lost half its value in one year and 40 percent in six months, especially after Donald Trump arrived at the White House and withdrew from the nuclear deal on May 8. 

Zarif 'afraid' of the fall of his regime 
Iranian Foreign Minister Mohammad Javad Zarif has warned against the fall of the regime and the dismantling of Iran if the nuclear deal fails. 

Zarif said during a meeting with representatives of the Iranian Chamber of Commerce on Sunday that 'the enemy's goal is not the regime or a spiritual government, but the whole of Iran, which wants to destroy it.' 

"We are all in Iran," he said. "We sit in one ship, fundamentalist, reformist, non-affiliated and opposed to the regime of the Islamic republic and opposition to the government." 

"Do not you think that if Rouhani went, the fundamentalist would succeed, and some should not imagine that he would receive power if the regime failed." 

The Iranian foreign minister claimed that 'the strategic goal of the United States is the withdrawal of Iran from the nuclear agreement,' adding that the failure of the agreement 'very dangerous to Iran if we have to get out of it, although it is not the option of the regime', he said.

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45 minutes ago, Mr. Haney said:

Thank goodness obama isn't around to stop this. :)

Oh, you mean, not around to give them a few 100 million so they can take it and spend it on misses and a Nuke site. He's a traitor to the US, hero to the Iranians. 

With my president. Trump, they flinch and they become a giant window.

Edited by jg1
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3 hours ago, jg1 said:

Oh, you mean, not around to give them a few 100 million so they can take it and spend it on misses and a Nuke site. He's a traitor to the US, hero to the Iranians. 

With my president. Trump, they flinch and they become a giant window.

Like the man or not 👍But  this is a man on a mission of doing what he says he is going to do .. JMO

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  • yota691 changed the title to In Tehran, Economic Protests Flare As Iran's Currency Plunges
 
June 26, 20184:51 PM ET

 
gettyimages-983550846-5fe20b2ac23cf447be
 

Demonstrators filled the streets of Tehran on Monday to protest economic downtown in Iran.

Atta Kenare/AFP/Getty Images

Iran's capital has been racked by protests this week over a plunge in the value of the country's currency, the rial. Crowds at one point shut down Tehran's sprawling Grand Bazaar, an economic center and a place where the 1979 revolution gained footing.

Protesters called for shop owners to close their businesses as the demonstrations ramped up on Monday. They marched to the gates of Iran's parliament, and police tried to quell them with what multiple news outlets said appeared to be tear gas. Videos purportedly showing clashes between security forces and protesters were put up online Tuesday. BBC Persian posted footage of people running as security forces approached.

'تخریب اموال به دست ماموران امنیتی' در اعتراضات لاله‌زار

برخی گزارش‌ها از اعتراضات امروز لاله زار حاکی است که ماموران امنیتی دست به تخریب اموال زده‌اند.
ویدیو را ببینید pic.twitter.com/OsNFIKatTa

— BBC NEWS فارسی (@bbcpersian) June 26, 2018

The rial has fallen to a new low — 90,000 against the U.S. dollar on the country's black market, Iranian media said, despite government efforts to control the currency rate. The official exchange rate is about 42,000 rials to the dollar.

Anti-government demonstrations driven by economic troubles erupted across the country last December and January. But they didn't gain traction in Tehran. This week's demonstrations in the capital were the biggest in years, multiple media outlets have reported.

 

Abbas Milani, director of Iranian studies at Stanford University, tells NPR via email that these demonstrations are different. "They have taken place amongst the regime's hitherto reliable basis of support — the members of the bazaar and the working classes. For over a hundred years, strikes in bazaars have been harbingers of change and invariably the clergy were allied with these merchants. Now the ruling clergy are the subject of the merchants' wrath."

President Hassan Rouhani addressed the protests on state television Monday night, telling the Iranian people that the United States is to blame for the country's economic difficulties. He said the spontaneous demonstrations were caused by "foreign media propaganda."

He was also quoted as saying that the government would be able to endure the rial's downward spiral and upcoming sanctions, which the Trump administration plans to impose after announcing a withdrawal from the Iran nuclear deal in May. "Even in the worst case, I promise that the basic needs of Iranians will be provided. We have enough sugar, wheat, and cooking oil. We have enough foreign currency to inject into the market," Rouhani said, per Reuters.

Iran's economy was lagging before President Trump announced the exit from the Iran nuclear deal, and it has grown weaker in anticipation of U.S. sanctions, NPR's Peter Kenyon reports. The country's buying power and retail sector have suffered.

The Central Bank of Iran reportedly announced that it will create a secondary currency market to relieve pressure on the country's currency.

Citing economic security, Iran is also clamping down on foreign products by banning imports of more than 1,300 items, according to Reuters.

It wasn't immediately clear who led the Tehran protests. Some observers believe that conservative factions in the government may have encouraged the demonstrations in an attempt to undermine the more moderate Rouhani. But some protests evolved into chants with anti-government slogans, according to the U.S.-government funded Voice of America.

Milani said that Rouhani faces pressure not just from the angered public, but radical conservatives such as the leaders of the Islamic Revolutionary Guard Corps.

"The hardliners clearly think they can ride public dissent into more consolidated power for themselves," he said. "But they might well have underestimated the seriousness of the crisis and its possible outcome."

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Rohani refuses to contain protests: "The government will not resign"

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Rohani refuses to contain protests: "The government will not resign"

 

28-06-2018 03:13 PM

 

The Euphrates -

 

The Iranian president, Hassan Rowhani, rejected the calls made by MPs and politicians to resign his government under the pretext of containing popular protests against the background of the continuing economic crisis, the collapse of the national currency, deterioration of the living conditions of citizens and high prices. 

"The government will not resign because it won the votes of 24 million voters, and today it has the confidence of 81 million Iranians," Rowhani said in a direct speech on state television.

"If some believe the government is scared and will step down, it is wrong, the government will not resign," he said. 

Like the speeches of other Iranian officials, the Iranian president attributed the country's intractable crises to external pressures, saying that 'the United States has increased political and economic pressure against Iran.' 

This comes as the heads of the committees' economic 'planning and budget' in the Iranian parliament (Shura Council), the government of Rouhani to make changes in his government, especially in the economic team. 

According to the agency 'Mehr', the head of the parliamentary economic committee, Mohammad Reza Borabrahimi, on the sidelines of the public session of parliament on Wednesday, on the deteriorating economic situation in the country, to make adjustments in the government, and said that this situation resulted from inappropriate performance of officials, The economic team of the government is not able to find solutions to the current problems, because it lacks the appropriate management to solve economic problems. 

"The government's economic team failed to solve the country's problems, and it is regrettable that the performance of the economic team of the government was weak in taking preventive measures," said Behruz Nemati, a spokesman for the Iranian parliament, , As he put it.

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%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-5.jpg

PARIS - An international body monitoring money laundering worldwide said on Friday it had given Iran until October to complete reforms that would bring it into line with global standards or face consequences that could further alienate investors.

Iran has sought to attract foreign investors after a 2015 agreement with the United States, Russia, China, France, Germany and Britain, lifting a number of sanctions in exchange for Tehran's agreement to restrict its nuclear program.

Iran is trying to apply the criteria set by the FATF, an international body to combat money-laundering and counterterrorism financing, hoping to remove it from a black list that some foreign investors are reluctant to deal with.

On Sunday, three days of protests erupted in the Tehran bazaar, in which hundreds of angry merchants and shop owners condemned the sharp devaluation of the Iranian currency.

Protests early this week gained political character, and demonstrators chanted anti-Iranian Supreme Leader Ayatollah Ali Khamenei and other senior officials whom the protesters called thieves and demanded they step down.

Bazaar traders, most loyal to the leadership since the 1979 Islamic revolution, have been angered by what they called the government's turbulent response to the crisis, which they said caused a sharp rise in prices that made trading almost impossible.

The punitive measures taken by the group could worsen the situation for its financial sector, which began to suffer from the US decision in May to withdraw from the nuclear deal

The Iranian riyal has lost 40 percent of its value since last month when US President Donald Trump pulled out of a nuclear deal in 2015 and imposed tough economic sanctions on Tehran.

These include seeking to stop Iranian oil sales, the main source of revenue, which has cast a shadow over the economy.

"The FATF is disappointed by Iran's failure to implement its plan of action to address the significant shortcomings in the fight against money-laundering and the financing of terrorism," it said in a statement after a week of deliberations in Paris.

"The FATF urgently expects Iran to move quickly on the reform track to ensure that it addresses all remaining items in its plan of action ... We expect Iran to amend AML / CFT laws ... with full compliance with FATF standards by October 2018, Appropriate and necessary actions at that time ".

The decision gives Iran some time to know that punitive measures by the group could worsen the situation for its financial sector, which began to suffer from a US decision in May to withdraw from the nuclear deal and the administration of President Donald Trump to carry out a series of new sanctions that alarm companies.

Iranian Supreme Leader Ayatollah Ali Khamenei said on June 20 that parliament must pass anti-money laundering legislation in accordance with its own criteria.

Khamenei's words mean that parliament is unlikely to use the FATF criteria. Foreign companies say a draft law that includes the FATF guidelines is necessary if Iranians want to increase investment.

Opponents in Iran's parliament have opposed passage of legislation in compliance with FATF standards, saying it could hamper Iran's financial support system" rel="">support for allies such as the Lebanese group Hezbollah, which the United States lists as terrorist organizations.

The Arabs

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Iran’s government is under pressure over the sanctions.  I know a number of Iranians who have family in Iran and they are telling me people are fed up with their money being worthless.  They are not stupid.  They know what the government is doing with the proxy wars all over the ME.  They also know the sanctions could be lifted if the government would stop the nuclear business and the proxy wars.  I’m not surprised to read this story. Expecting more in the near future.  If Iraq would give off their butt and push the damn button, Iran’s people would see Iraq’s prosperity and want the same.  

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28 minutes ago, Pitcher said:

Iran’s government is under pressure over the sanctions.  I know a number of Iranians who have family in Iran and they are telling me people are fed up with their money being worthless.  They are not stupid.  They know what the government is doing with the proxy wars all over the ME.  They also know the sanctions could be lifted if the government would stop the nuclear business and the proxy wars.  I’m not surprised to read this story. Expecting more in the near future.  If Iraq would give off their butt and push the damn button, Iran’s people would see Iraq’s prosperity and want the same.  

Good Evening Pitcher . Just a thought ? Buti posted a fantastic article a few days ago about cards Iraqi citizens can now use inside Iraq and outside via internet . I don't know for certain . But I'm sure the word gets around ! And I would guess Iran's citizens are pissed they don't see the same future Iraqi's have before them . Every step forward towards Iraq's  bright future turns up the heat in Iran ! An ri/rv might be the straw that breaks the camels back!

 Thanks for all your posts !

 

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Thank you  blueskyline and presence, let’s hope its all coming together for Iraq soon and let that country be a beacon of hope for all the other ME countries that are oppressed by the Mullahs.

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Monitoring Iran’s actions to address deficiencies in its AML/CFT measures

In June 2016, the FATF welcomed Iran’s high-level political commitment to address its strategic AML/CFT deficiencies, and its decision to seek technical assistance in the implementation of the Action Plan. Given that Iran provided that political commitment and the relevant steps it has taken, the FATF decided in February 2018 to continue the suspension of counter-measures.

Since November 2017, Iran has established a cash declaration regime and introduced draft amendments to its AML and CFT laws. However, Iran’s action plan has expired with a majority of the action items remaining incomplete. Iran should fully address its remaining action items, including by: (1) adequately criminalising terrorist financing, including by removing the exemption for designated groups “attempting to end foreign occupation, colonialism and racism”; (2) identifying and freezing terrorist assets in line with the relevant United Nations Security Council resolutions; (3) ensuring an adequate and enforceable customer due diligence regime; (4) ensuring the full independence of the Financial Intelligence Unit and requiring the submission of STRs for attempted transactions; (5) demonstrating how authorities are identifying and sanctioning unlicensed money/value transfer service providers; (6) ratifying and implementing the Palermo and TF Conventions and clarifying the capability to provide mutual legal assistance; (7) ensuring that financial institutions verify that wire transfers contain complete originator and beneficiary information; (8) establishing a broader range of penalties for violations of the ML offense; and (9) ensuring adequate legislation and procedures to provide for confiscation of property of corresponding value.

The FATF is disappointed with Iran’s failure to implement its action plan to address its significant AML/CFT deficiencies. Given the Iranian government’s continued efforts to finalize and pass amendments to its AML and CFT laws, the FATF decided at its meeting this week to continue the suspension of counter-measures. The FATF urgently expects Iran to proceed swiftly in the reform path to ensure that it addresses all of the remaining items in its Action Plan by completing and implementing the necessary AML/CFT reforms, in particular enacting the necessary legislation. We expect Iran to enact amendments to its AML and CFT laws and ratify the Palermo and TF Conventions in full compliance with the FATF Standards by October 2018, otherwise, the FATF will decide upon appropriate and necessary actions at that time.

Iran will remain on the FATF Public Statement until the full Action Plan has been completed. Until Iran implements the measures required to address the deficiencies identified in the Action Plan, the FATF will remain concerned with the terrorist financing risk emanating from Iran and the threat this poses to the international financial system. The FATF, therefore, calls on its members and urges all jurisdictions to continue to advise their financial institutions to apply enhanced due diligence to business relationships and transactions with natural and legal persons from Iran, consistent with FATF Recommendation 19.

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On 6/27/2018 at 8:21 AM, yota691 said:
 
June 26, 20184:51 PM ET

 
gettyimages-983550846-5fe20b2ac23cf447be
 

Demonstrators filled the streets of Tehran on Monday to protest economic downtown in Iran.

Atta Kenare/AFP/Getty Images

Iran's capital has been racked by protests this week over a plunge in the value of the country's currency, the rial. Crowds at one point shut down Tehran's sprawling Grand Bazaar, an economic center and a place where the 1979 revolution gained footing.

Protesters called for shop owners to close their businesses as the demonstrations ramped up on Monday. They marched to the gates of Iran's parliament, and police tried to quell them with what multiple news outlets said appeared to be tear gas. Videos purportedly showing clashes between security forces and protesters were put up online Tuesday. BBC Persian posted footage of people running as security forces approached.

'تخریب اموال به دست ماموران امنیتی' در اعتراضات لاله‌زار

برخی گزارش‌ها از اعتراضات امروز لاله زار حاکی است که ماموران امنیتی دست به تخریب اموال زده‌اند.
ویدیو را ببینید pic.twitter.com/OsNFIKatTa

— BBC NEWS فارسی (@bbcpersian) June 26, 2018

The rial has fallen to a new low — 90,000 against the U.S. dollar on the country's black market, Iranian media said, despite government efforts to control the currency rate. The official exchange rate is about 42,000 rials to the dollar.

Anti-government demonstrations driven by economic troubles erupted across the country last December and January. But they didn't gain traction in Tehran. This week's demonstrations in the capital were the biggest in years, multiple media outlets have reported.

 

Abbas Milani, director of Iranian studies at Stanford University, tells NPR via email that these demonstrations are different. "They have taken place amongst the regime's hitherto reliable basis of support system" rel="">support — the members of the bazaar and the working classes. For over a hundred years, strikes in bazaars have been harbingers of change and invariably the clergy were allied with these merchants. Now the ruling clergy are the subject of the merchants' wrath."

President Hassan Rouhani addressed the protests on state television Monday night, telling the Iranian people that the United States is to blame for the country's economic difficulties. He said the spontaneous demonstrations were caused by "foreign media propaganda."

He was also quoted as saying that the government would be able to endure the rial's downward spiral and upcoming sanctions, which the Trump administration plans to impose after announcing a withdrawal from the Iran nuclear deal in May. "Even in the worst case, I promise that the basic needs of Iranians will be provided. We have enough sugar, wheat, and cooking oil. We have enough foreign currency to inject into the market," Rouhani said, per Reuters.

Iran's economy was lagging before President Trump announced the exit from the Iran nuclear deal, and it has grown weaker in anticipation of U.S. sanctions, NPR's Peter Kenyon reports. The country's buying power and retail sector have suffered.

The Central Bank of Iran reportedly announced that it will create a secondary currency market to relieve pressure on the country's currency.

Citing economic security, Iran is also clamping down on foreign products by banning imports of more than 1,300 items, according to Reuters.

It wasn't immediately clear who led the Tehran protests. Some observers believe that conservative factions in the government may have encouraged the demonstrations in an attempt to undermine the more moderate Rouhani. But some protests evolved into chants with anti-government slogans, according to the U.S.-government funded Voice of America.

Milani said that Rouhani faces pressure not just from the angered public, but radical conservatives such as the leaders of the Islamic Revolutionary Guard Corps.

"The hardliners clearly think they can ride public dissent into more consolidated power for themselves," he said. "But they might well have underestimated the seriousness of the crisis and its possible outcome."

Let them feel the power of the force.  

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  • yota691 changed the title to Expert: Iran's economy is collapsing and fear of Saddam's fate

Expert: Iran's economy is collapsing and fear of Saddam's fateExpert: Iran's economy is collapsing and fear of Saddam's fate



 Twilight News    
 23 minutes ago

The economy of his country is in a state of collapse, Sarda said, which he said is evidence of the validity of his expectations.

 

As quoted by "Russia Today," the comments of the expert Ahmed Husseini, made to the site, "haqqin.az" Russian, the current strikes in the country at the level of commercial sectors seriously threaten the Iranian economy.

 

"The wave of protests and strikes has reached the northern provinces, mainly inhabited by Azerbaijanis, and carpet and gold traders have announced a strike," he said. 

"After the US withdrawal from the nuclear agreement in May this year and the expansion of US sanctions against Iran, Iran's national currency lost half of its value. All international companies to stop the import of Iranian oil threatens to inflict a major blow to the economy of the country. " 

"The sale of oil accounts for 64 percent of Iran's total exports and is the main source of hard currency entering the country, the dollar and the euro," Hosseini said, referring to the collapse of the economy of a neighboring country, Iran. Era of Saddam Hussein. "

"The central bank of Iran, now under sanctions, faces great difficulties in carrying out financial transactions even within the country, making serious mistakes and misjudgments that have played an important role in bringing the economy into crisis."

 

"The Iranian central bank and commercial banks took deposits at an annual interest rate of 20 percent or even 23 percent, and when the United States imposed sanctions, banks cut interest rates to 10-15 percent," he said. "Collectively, the Iranians are withdrawing their deposits and buying the dollar and the euro. Foreign exchange shortage ".

 

"The closure of all licensed currency exchange offices has not helped save the situation, and now the currency is trading in Iranian cities on the black market, which the authorities are trying to fight in vain." Sanctions have made the economic situation unpredictable, so people are afraid to invest in real estate. "He said.


The decline in the value of the Iranian riyal led to a rise in the prices of some imported goods by 100%. While the activity of the Iranian commodity exchange fell to a minimum. The government's decision to raise the fees for leaving the country further exacerbated the problem, al-Husseini said. 

"There is no indication that the government knows the way out, everything is heading towards bankruptcy and mass impoverishment of the population ... If the United States has really set the goal of changing the authority and the political system of the Islamic Republic of Iran, the situation is now working for its benefit," Husseini said. The current will support any external intervention, only to get rid of the "regime" and stop the crisis.

Keywords: 

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Sistani's son directed to convert five reference to save the Iranian riyal

Report: Sistani's son directed to convert five reference to save the Iranian riyal
 
 Twilight News    
 
 one hour ago
 

 

Shafaq News / Moved the religious authority in Najaf, to save the Iranian riyal from collapse, and caused widespread protests in Tehran and dozens of other cities. 
According to the newspaper "Okaz" Saudi Arabia, the son of the Reformation Sistani Mohammad Reza, a number of followers to Tehran, to hand over the Iranian government funds "five" collected by the reference of its followers. 
The religious authority in Najaf has asked its representatives in various countries to urge the wealthy, traders and businessmen to deposit their money in Iranian banks and invest them in industrial and commercial projects in Iran. 

For its part, Iraqi sources told the newspaper that the move by Najaf to send the five funds to Tehran, will open the door to Shiite differences Shiite, as opposed to a broad trend to send these funds, saying that "

 
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24 minutes ago, Butifldrm said:


Sistani's son directed to convert five reference to save the Iranian riyal

Report: Sistani's son directed to convert five reference to save the Iranian riyal
 
 Twilight News    
 
 one hour ago
 

 

Shafaq News / Moved the religious authority in Najaf, to save the Iranian riyal from collapse, and caused widespread protests in Tehran and dozens of other cities. 
According to the newspaper "Okaz" Saudi Arabia, the son of the Reformation Sistani Mohammad Reza, a number of followers to Tehran, to hand over the Iranian government funds "five" collected by the reference of its followers. 
The religious authority in Najaf has asked its representatives in various countries to urge the wealthy, traders and businessmen to deposit their money in Iranian banks and invest them in industrial and commercial projects in Iran. 

For its part, Iraqi sources told the newspaper that the move by Najaf to send the five funds to Tehran, will open the door to Shiite differences Shiite, as opposed to a broad trend to send these funds, saying that "

 

The Iraqee's should be working with the US not Iran. These funds are only throwing them a lifeboat with a large hole in it, unless,,,,, they are giving them dinars and,,,,,, they RV thier currency. 😀

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Report: Sistani's son directed to turn five reference to save the Iranian Toman

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Report: Sistani's son directed to turn five reference to save the Iranian Toman

 

01-07-2018 06:37 PM

 

The Euphrates -

 

The religious authority in Najaf moved to save the Iranian riyal from collapse and caused widespread protests in Tehran and dozens of other cities.

According to the newspaper 'Okaz' Saudi Arabia, the son of the Reformation Sistani Mohammad Reza, a number of followers to Tehran, to hand over the Iranian government funds 'five' collected by the reference of its followers.

The religious authority in Najaf has asked its representatives in various countries to urge the wealthy, traders and businessmen to deposit their money in Iranian banks and invest them in industrial and commercial projects in Iran.

For its part, Iraqi sources told the newspaper that the move by Najaf to send the five funds to Tehran, will open the door to Shiite differences Shiite, as opposed to a broad trend to send these funds, considering that 'spending on the health and educational projects supervised by Najaf more important than to send to Iran Spend their money on armament projects'.

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Newspaper: an international team of experts in Baghdad to track the money of figures loyal to Iran .. This bank stopped because of it

 
 

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Policy  2018/07/01 12:18  1006  Editor: hr

Baghdad today – follow-up

According to a report published on Sunday, July 01, 2018, a team of foreign experts working in Iraq, for months, to track the accounts of the funds of a number of people “loyal to Iran,” noting that the team works in cooperation with the government Iraq.

The newspaper said in its report that “in light of the economic crisis suffocation suffered by the Iranian interior, Iraqi factions loyal to Tehran fear they could not get Khamenei’s help if it came under additional US pressure.”

According to the report, these factions rely on “Iranian influence in various Iraqi institutions to obtain contracts to execute projects, some of which are fictitious, generating millions of dollars annually.”

“So far, US pressure on Iran’s allies in Iraq has been limited to funding aspects,” she said.

“Foreign experts working in the Iraqi capital for months have been tracking the flow of funds that are moving between the accounts of pro-Iranian Iraqi figures,” the sources told the paper, which they described as “high” in Baghdad.

The sources added that “foreign experts coordinate their efforts with the office of Iraqi Prime Minister Haider al-Abadi, in addition to an international investigation network linked to the World Banks and the World Bank and the Central Bank of Iraq, to prosecute any transfers from and to Iraq, suspected of links to the Iranian regime.”

Observers believe that Iraq is a main station for trading Iranian and Iraqi funds aimed at fueling conflicts in Yemen, Lebanon and Syria.

The United States, according to the report, “dealt an important blow to the network of money laundering operated by Iran in Iraq, when the name of the bank (Islamic countries) owned by Iraqi politician Aras Karim, on the list of banks banned, because of financial transactions suspicious.

The bank, according to the report, is known as “a major terminal for the transfer of funds from Iran and Iraq to the Lebanese Hezbollah, led by Hassan Nasrallah.”

The Iraqi newspaper pointed out that “the amount of Iraqi coordination with the efforts of prosecution, was clear, when the Iraqi Central Bank announced its response to the American decision, about 48 hours after its issuance, as he informed all Iraqi banks to stop dealing with the Bank of the country, asking them to freeze its assets “He said.

The newspaper said that “the Bank of the country is the front of the huge financial activities between Iraq and Lebanon, supervised by the commander of the Quds Force in the Iranian Revolutionary Guards General Qassem Soleimani.”

“The US-led financial pressure on Iraqi banks that are helping the Iranian regime is a prelude to US action, perhaps more severe,” the newspaper said, quoting observers.

Iraqi observers living in the United States say Washington may be planning an imminent escalation against Iran.

http://baghdadtoday.news/ar/

Edited by Butifldrm
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