Article

2012-09-09 -Signs, Portents, and the Weather-

Iran on the verge of severe financial crisis: intelligence report

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Posted by Water Modem 2012-09-09 02:23|| || Front Page|| [5 views ] Top

#1 The Obama administration would like that because it would give the impression that his sanctions policy on Iran has been "successful" just prior to the election.

With that in mind, this report is probably fake.

Posted by American Delight 2012-09-09 05:05|| http://moneyjihad.wordpress.com/ 2012-09-09 05:05|| Front Page Top

#2 The report confuses things that the regime can print money for - government salaries, and things it can't - food imports.

Posted by phil_b 2012-09-09 05:09|| 2012-09-09 05:09|| Front Page Top

#3 Oil sanctions, what oil sanctions?
Iranian private sector exports first oil consignment despite sanctions

Posted by tipper 2012-09-09 05:39|| 2012-09-09 05:39|| Front Page Top

#4 no evidence of 'verge of crisis' on their stock exchange or the official exchange rate

of course the black market exchange rate is what counts but that's not available on the net

Posted by lord garth 2012-09-09 09:29|| 2012-09-09 09:29|| Front Page Top

#5 agree with #3. what oil sanctions??? are we to believe that Iran cannot sell its oil - esp. if the price is discounted? I am highly skeptical.

Posted by Raider 2012-09-09 10:09|| 2012-09-09 10:09|| Front Page Top

#6 the black market exchange rate is what counts but that's not available on the net
LG, this link has the "street price" which I assume is the blackmarket price.
Iran's currency falls to record low against dollar

Posted by tipper 2012-09-09 11:02|| 2012-09-09 11:02|| Front Page Top

#7 tipper

yes, the 24k rial per dollar is the black market rate according to the article (the official rate is about 12k rial per dollar)

however, the article is just one source and one point in time

Posted by lord garth 2012-09-09 19:58|| 2012-09-09 19:58|| Front Page Top

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