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Iran to prevent trade in the dollar on the black market to Miss Farhat
18/01/2012 10:42:00
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The independent Iraqi news agency / listen ... Iranian authorities announced that they would arrest of trading in foreign currency on the black market in the latest attempt to halt the decline in local currency (Rial) because of Western economic sanctions on Tehran over its nuclear ambitions.
Prepare for the Miss Farhat: down Iranian Rial to record highs against the dollar after it was signed by U.S. President Barack Obama's bill recognizes the sanctions on Iran's central bank, prompting citizens to rush to buy foreign currency, which has become more scarce, and the reason panic economically and financially in the country.
While Iran played down the implications of Western sanctions and said that there is a shortage of dollars, he blamed speculators Iranian officials responsible for the high price of the dollar and expressed hope the new measures to stop those who seek to gain rapid decline as a result of the Iranian rial.
Deputy Central Bank Governor Ebrahim Darwish "tried dealers on the black market and would be arrested on the holders of foreign currencies without delivery from Alliot, Mamadava that" the possession of foreign currencies without delivery of a port official is illegal and punishable by a fine equivalent to twice the amount seized " .
The exchange offices in Iran, it had stopped sales of the dollar completely because the central bank issued instructions not to sell at a higher price of 14 thousand riyals. Banking offices and offers to buy the dollar price of 13,900 riyals, but is not demanded after the price of the dollar in the open market during the past two weeks to between 16 and 17 thousand riyals.
In this context, the newspaper noted, "The Wall Street Journal" that caused the sudden decline in the riyal alarm among the citizens of Iranian merchants to vendors day-workers who rushed to search for a way of protecting their savings and their money.
The newspaper quoted Abdullah, a dealer (47 years) in the bazaar of Tehran, the great saying, "The economic situation in Iran is a disaster. Trade at a minimum and everyone is in a state of panic," noting that imports and exports of semi-precious stones and silver amounted to less than 100 dollars a day in the stores that bear the costs of storage and rental of $ 400. He added: "We are moving slowly toward bankruptcy."
Rial since the downturn began in December, the Iranians say that a lot of people rushed to convert their capital into dollars or gold, and baptized Many middle-class Aarania to sell their property and to withdraw their money from savings accounts.
On the other hand, is a U.S. and European governments that the fall of the Iranian currency indicator of the success of efforts to use sanctions to weaken the Iranian regime, which he accused the West of seeking to acquire nuclear weapons.
U.S. officials have suggested that increased sanctions will succeed in curbing the ability of Iran's trade, while increasing inflation and dry Tehran reserves of foreign exchange. They stressed that the policies of their country does not Intended to harm the Iranian people, but they hoped the internal discontent to pressure the Iranian government to make concessions on its nuclear program.
The Iranians said that the international movements make them feel angry and desperate, on the grounds that the people pay the price of sanctions and not the government, particularly in terms of the imposition of sanctions on Iranian oil. An example of this is that the sanctions imposed on Cuba, North Korea and Iraq under Saddam Hussein, did not lead to the collapse of the government, but to the impoverishment of the people.
And considered the "Wall Street Journal" The U.S. move to punish companies that do business with the Central Bank threatens the ability of Iran to sell oil, and the EU ban on Iranian oil will enter into force later this year, only to lose Iran, so some of its biggest customers.
Procedures led to the U.S. and European threats by Iran to close the Strait of Hormuz, which is a global conduit for about five lines of international oil. Iran and organized military exercises in the strait challenge to America which has led to rising tensions with Iran's economy is struggling to survive with high inflation and slowing growth.
Despite the low rate of exchange on the black market of Iran, the government set the official exchange rate of the riyal value of fixed not eligible for any change (some 14,000 rials per dollar). But the move added to the economic turmoil, by allowing companies and individuals who have linked to the government to buy the dollar at the official rate and profit by selling in informal markets.
Some Iranian industrialists, especially those who export their goods, they benefit from higher prices in foreign currency. They point out that the industries that do not rely on imported raw materials, including glass, carpets, food, doing well, but others may have to raise the final price to compensate for the raw materials that Istkdmunha from abroad.
Last week, the Central Bank informed Iranian banks impose a sharp increase on the interest rates on bank deposits from 14% to 21% to encourage the Iranians to keep their money in national currency and the suppression of the black market.
But despite these steps, and in light of the high rates of inflation on an informal basis as much as 19% Almost, continue on the dollar. On Sunday, the government announced the prohibition of informal trading, and on Monday, announced the Central Bank Deputy Governor Ibrahim Darwish, said the authorities would close the black market and official exchange rate imposed on the foreign exchange offices.
"Do not sell on the black market," Darwish said on state radio, referring to the foreign currencies such as the U.S. dollar, he said, adding: "It is prohibited any investment in foreign currencies and the dollar."
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18/01/2012 10:42:00
Font size:
The independent Iraqi news agency / listen ... Iranian authorities announced that they would arrest of trading in foreign currency on the black market in the latest attempt to halt the decline in local currency (Rial) because of Western economic sanctions on Tehran over its nuclear ambitions.
Prepare for the Miss Farhat: down Iranian Rial to record highs against the dollar after it was signed by U.S. President Barack Obama's bill recognizes the sanctions on Iran's central bank, prompting citizens to rush to buy foreign currency, which has become more scarce, and the reason panic economically and financially in the country.
While Iran played down the implications of Western sanctions and said that there is a shortage of dollars, he blamed speculators Iranian officials responsible for the high price of the dollar and expressed hope the new measures to stop those who seek to gain rapid decline as a result of the Iranian rial.
Deputy Central Bank Governor Ebrahim Darwish "tried dealers on the black market and would be arrested on the holders of foreign currencies without delivery from Alliot, Mamadava that" the possession of foreign currencies without delivery of a port official is illegal and punishable by a fine equivalent to twice the amount seized " .
The exchange offices in Iran, it had stopped sales of the dollar completely because the central bank issued instructions not to sell at a higher price of 14 thousand riyals. Banking offices and offers to buy the dollar price of 13,900 riyals, but is not demanded after the price of the dollar in the open market during the past two weeks to between 16 and 17 thousand riyals.
In this context, the newspaper noted, "The Wall Street Journal" that caused the sudden decline in the riyal alarm among the citizens of Iranian merchants to vendors day-workers who rushed to search for a way of protecting their savings and their money.
The newspaper quoted Abdullah, a dealer (47 years) in the bazaar of Tehran, the great saying, "The economic situation in Iran is a disaster. Trade at a minimum and everyone is in a state of panic," noting that imports and exports of semi-precious stones and silver amounted to less than 100 dollars a day in the stores that bear the costs of storage and rental of $ 400. He added: "We are moving slowly toward bankruptcy."
Rial since the downturn began in December, the Iranians say that a lot of people rushed to convert their capital into dollars or gold, and baptized Many middle-class Aarania to sell their property and to withdraw their money from savings accounts.
On the other hand, is a U.S. and European governments that the fall of the Iranian currency indicator of the success of efforts to use sanctions to weaken the Iranian regime, which he accused the West of seeking to acquire nuclear weapons.
U.S. officials have suggested that increased sanctions will succeed in curbing the ability of Iran's trade, while increasing inflation and dry Tehran reserves of foreign exchange. They stressed that the policies of their country does not Intended to harm the Iranian people, but they hoped the internal discontent to pressure the Iranian government to make concessions on its nuclear program.
The Iranians said that the international movements make them feel angry and desperate, on the grounds that the people pay the price of sanctions and not the government, particularly in terms of the imposition of sanctions on Iranian oil. An example of this is that the sanctions imposed on Cuba, North Korea and Iraq under Saddam Hussein, did not lead to the collapse of the government, but to the impoverishment of the people.
And considered the "Wall Street Journal" The U.S. move to punish companies that do business with the Central Bank threatens the ability of Iran to sell oil, and the EU ban on Iranian oil will enter into force later this year, only to lose Iran, so some of its biggest customers.
Procedures led to the U.S. and European threats by Iran to close the Strait of Hormuz, which is a global conduit for about five lines of international oil. Iran and organized military exercises in the strait challenge to America which has led to rising tensions with Iran's economy is struggling to survive with high inflation and slowing growth.
Despite the low rate of exchange on the black market of Iran, the government set the official exchange rate of the riyal value of fixed not eligible for any change (some 14,000 rials per dollar). But the move added to the economic turmoil, by allowing companies and individuals who have linked to the government to buy the dollar at the official rate and profit by selling in informal markets.
Some Iranian industrialists, especially those who export their goods, they benefit from higher prices in foreign currency. They point out that the industries that do not rely on imported raw materials, including glass, carpets, food, doing well, but others may have to raise the final price to compensate for the raw materials that Istkdmunha from abroad.
Last week, the Central Bank informed Iranian banks impose a sharp increase on the interest rates on bank deposits from 14% to 21% to encourage the Iranians to keep their money in national currency and the suppression of the black market.
But despite these steps, and in light of the high rates of inflation on an informal basis as much as 19% Almost, continue on the dollar. On Sunday, the government announced the prohibition of informal trading, and on Monday, announced the Central Bank Deputy Governor Ibrahim Darwish, said the authorities would close the black market and official exchange rate imposed on the foreign exchange offices.
"Do not sell on the black market," Darwish said on state radio, referring to the foreign currencies such as the U.S. dollar, he said, adding: "It is prohibited any investment in foreign currencies and the dollar."
[You must be registered and logged in to see this link.]
