Monday, January 21, 2013

West Waging ‘Currency War’ Against Iran – Intelligence Official

The (unnamed) director of economy directorate of Iran's Ministry of Intelligence told Fars News Agency on Monday that the West has launched a “currency war” against Tehran to destabilize the Islamic Republic.

The value of national currency reached 35,600 rials to one U.S. dollar today in Tehran’s open currency markets. Last January, the dollar was traded at less than 20,000 rials, and in January 2011, the rate was at 10,850, a staggering loss of 222 percent in two years.
Meanwhile, Iran’s Supreme Audit Court today ordered the dismissal of the governor of the Central Bank of Iran, Mahmoud Bahmani, on charges of “illegal financial transactions.” The central bank (CBI) is in charge of Iran’s national currency. Last week, the Iranian parliament, Majlis, had accused CBI of allocating funds for government’s monthly cash payouts as part of its subsidy reform program without parliamentary consent. (Mehr news Agency, 21 January)

Photo credit: Rials, dollars and gold coins (IRNA)


Anonymous said...

You see how nonserious these people are; they 'warn' about the fact after it is too late

Anonymous said...

They blame everyone else for their failings except for themselves.