Middle East Public date: 24.08.2017 23:12:18

Publisher: Haaretz

Author:

1 Jan 2012

Obama signs into law bill imposing Iran banking sanctions

U.S. President Barack Obama signed a sweeping defense funding bill on Saturday that includes new sanctions on financial institutions dealing with Iran's central bank, but cited concerns about sections that expand the U.S. military's authority over terrorism suspects and limit his powers in foreign affairs.
U.S. President Barack Obama signed a sweeping defense funding bill on Saturday that includes new sanctions on financial...

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21 Dec 2011

The Currency Falls — What Does It Mean

The Iranian currency, the rial, has fallen almost 10% vs. the US dollar in five days. The rate now stands on the open market at 15300:1. Those numbers are only the beginning of the story. The gap between the official rate of exchange, which is just below 11000:1, and the free-market rate is now more than 40%. That in turn feeds the fall of the rial. People will line up outside banks --- Tabnak wrote this week of the degrading sight of Iranians sleeping in front of them and waiting for the doors to open --- and, if they can get the dollars, immediately re-sell them at "free" rates. Alternatively, people will buy gold coins --- some will again take advantage of gaps in rates to make a quick profit by trading them on the open market, others will store them as a hedge against the economic crisis.
The Iranian currency, the rial, has fallen almost 10% vs. the US dollar in five days. The rate now stands on the open...
20 Dec 2011

Iran Has Only Six Months

While sanctions against Iran s central bank - an idea that has already reverberated through the country s economic sector - have not yet been signed by the US president, a review of the Iranian media indicates the constrains that exist in debating this issue. To clarify the meaning and consequences of sanctioning the central bank, Rooz interviewed two prominent economy specialist in Tehran, Mohammad-Reza Behzadian and Kamal Athari. Behzadian believes that while such sanctions cannot take place against Iran right now, they can within the next six months if Iraqi, Saudi and Libyan oil make up Iran's absence from the oil market. Behzadian who is associated with reformers ran in the Tehran s chamber of commerce elections with the slogan of 'change' and claims to have unlodged the body from its conservative elements such as Ali Naghi Khamushi, Mir-Mohammad Sadeghi and Asadollah Asqar-Owladi. Read on for the details.
While sanctions against Iran s central bank - an idea that has already reverberated through the country s economic...

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