Iran feeling the squeeze?

[bernorange 8348]

Quote

Iran’s central bank has announced a ban on the sale of foreign currencies at exchange bureaus. Under new government guidelines, exchange bureaus no longer have the right to buy, sell, or transfer foreign currencies, and the central bank will no longer provide cash to the bureaus.

Mohammad Ali Karimi, head of public relations for the central bank, announced on state-run television on April 13 that the guidelines aim to “redefine the job description of exchange bureaus,” adding, “They might be given the role of a mediator for cases when Iranian banks are not interacting with some foreign banks.”

The exchange rate of Iran’s rial to the U.S. dollar is now officially set at 42,000. Karimi said exchange bureaus can sell dollars to banks at the new price. However, there are no dollars available at that rate and no one is willing to sell dollars at the arbitrarily set rate.

It would be a different matter if the central bank would make dollars widely available at the new official rate, but that would drain the state’s dollar reserves, as companies and people would scoop up as much as possible because of their lack of trust for the local currency.

Previously, Iran’s central bank (CBI) would provide select exchange bureaus with between $50,000 and $100,000, which they were then allowed to sell at a profit of up to 15 percent.

According to the daily Qanoon, however, exchange bureaus are only allowed to buy or sell gold coins “until further notice.”
...

https://en.radiofarda.com/a/iran-ban-sale-foreign-currency-exchange-bureaus/29168476.html

Iran is feeling the squeeze from economic sanctions I think.

[Hugo Stiglitz 23356]

This seems highly irresponsible by Rudy. 

[GHOSTUSER 361]

21 minutes ago, Hugo Stiglitz said:

This seems highly irresponsible by Rudy. 

He has my unconditional support as an Iranian-American. 

[GHOSTUSER 361]

On 4/16/2018 at 9:37 AM, bernorange said:

https://en.radiofarda.com/a/iran-ban-sale-foreign-currency-exchange-bureaus/29168476.html

Iran is feeling the squeeze from economic sanctions I think.

Strangling Maduro has been a success. I fully support this Administration when it comes to their foreign policy

[David Dennison 18655]

1 minute ago, Iconoclast Texan said:

Strangling Maduro has been a success. I fully support this Administration when it comes to their foreign policy

It's failing, but whatever.

[Dirk X West 772]

Trumpers celebrate his supposedly non-inventionist tendencies and troop pullouts, except in the cases where he and his gang of stooges want to intervene and increase US military presence.  They also celebrate that.

[Horn Under a Bad Sign 20344]

15 minutes ago, Iconoclast Texan said:

Strangling Maduro has been a success. I fully support this Administration when it comes to their foreign policy

 

https://www.theguardian.com/world/2019/feb/13/venezuela-nicolas-maduro-juan-guaido-campaign-latest

[Hugo Stiglitz 23356]

 

[relapse98 634]

4 hours ago, Iconoclast Texan said:

Strangling Maduro has been a success. I fully support this Administration when it comes to their foreign policy

You're just a bit, right?

[TexArcher 37508]

2 minutes ago, relapse98 said:

You're just a bit, right?

A bit of a douche, yes.