09252018Tue

Iran Focus

London, 20 Apr - The exchange rate for Iran’s rial dropped its lowest ever price on April 9, at 61,000 to the dollar.

The following day, the Iranian govrenment artificially fixed the price at 42,000 and threatened to arrest anyone caught selling at a different price.

This was no empty threat. government arrested some money exchangers for flouting the rules, with some mullahs even calling for the death of the vendors.

Iran Focus

London, 18 Apr - Chaos is still rampant in Iran’s foreign exchange market a week after the Iranian Government artificially set the currency exchange rate at 42,000 rials to the US dollar.

This move, which Paris-based economist Fereidoun Khavand described as “a very dangerous game”, was an attempt by the Hassan Rouhani administration to control the incredible devaluing of the rial. The rial hit an all-time high of 61,000 rials to the dollar on April 10.

Iran Focus

London, 10 Apr - New data revealed by Iran’s largest banks shows that a banking crisis is happening in the country, with big-name financial institutions experiencing horrific losses and being unable to even pay the interest on deposits.

So far, the banks on the Tehran Stock Exchange have reported operating losses of $4.5 billion; a figure that has only gotten worse in previous years and looks set to continue for the years to come.

This crisis was revealed by all of Iran's ten biggest banks — Tejarat, Saderat, Mellat, Parsian, Sarmayeh, Eghtesad-e Novin, Gardeshgari, Dey, Ghavamin and Iran Zamin — but it’s especially prevalent for Mellat and Saderat banks.

Iran Focus

London, 10 Apr - With the nomination of Mike Pompeo as Secretary of State and John Bolton appointed National Security Advisor, the prospect of sanctions on Iran becoming effective again are much greater now, according to analysts at Citigroup Inc., Societe Generale SA, Royal Bank of Canada, Mitsubishi UFJ Financial Group Inc.

Many banks are now including a so-called 'snapback' plan for Iran in their base-case energy scenarios. Still, they seem assured regarding the impact on oil supplies from the country. Which is surprising, as SocGen sees 500,000 barrels a day of exports at risk; the others, around 350,000. Previously, sanctions cut Iran's production by more than 1.2 million barrels a day at their peak.

Iran Focus

London, 09 Apr - This weekend, the Iranian rial dropped again against the dollar. This is an effect of the uncertainty regarding a return of economic sanctions.

When the 2015 Iran nuclear deal was agreed, Iran benefited from the lifting of crippling sanctions. However, United States President Donald Trump may soon reimpose these sanctions – or at least some of them.

Trump warned the European signatories of the deal that he would stop issuing waivers on the sanctions if they were unable to fix the numerous flaws it contains. He also called on them to ensure that the Iranian ballistic missile program is addressed – something that Iran managed to keep out of the nuclear deal negotiations by claiming it was a non-nuclear issue.

Search

Iran. July 24, 2018. New Round of Truck Drivers’ Nationwide Strike

Yasuj, Iran. July 23, 2018. New Round of Truck Drivers’ Nationwide Strike

Torbat-E Jam, Iran. July 23, 2018. New Round of Truck Drivers’ Nationwide Strike

Yazd, Iran. July 23, 2018. New Round of Truck Drivers’ Nationwide Strike

Iran, Tehran – Anti-Regime Chants in Protest, June 25

Iran, Tehran – Major Protest With Chants of ‘We Will Fight, We Will Die, but We’ll Take Back Iran’

Iran, Tehran – Chants of ‘Death to the Dictator’, June 25

Iran, Tehran – Clashes Between People and Security Forces, June 25

Iran, Tehran – People Defend Themselves in Protest, June 25

North Khorasan Province, Iran. May 22, 2018, the Nationwide Strike of Heavy Truck Drivers

Yazd, Iran. May 22, 2018, the Nationwide Strike of Heavy Truck Drivers

Bandar Abbas, Iran. May 22, 2018, the Nationwide Strike of Heavy Truck Drivers

Pasargadae, Iran. May 22, 2018, the Nationwide Strike of Heavy Truck Drivers

Iran-Bandar Lengeh, May 22, 2018, the Nationwide Strike of Heavy Truck Drivers

Iran-Isfahan, May 22, 2018, the Nationwide Strike of Heavy Truck Drivers

Iran,Isfahan, Apr. 10, 2018. Farmers' Protest Rally Continues

Iran,Isfahan, Apr. 10, 2018. Farmers Stage Major Protest Gathering in Khourasgan Square

Iran – the Portrait of Khamenei and Khomeini Was Set on Fire

>

Ahvaz, 29 Mar, Peaceful Demonstration of People Faces With Brutal Clashes by the Security Forces

IRAN, AHVAZ, Mar 27&28 People Clash With Security Agents Who Wanted to Destroy Their Houses

WARNING - VULGAR LANGUAGE March 13 - Tehran, NW #Iran‌ Protesters Celebrating #FireFest and Clashing

Iran: Video Clip, Activists Setting Fire 2 Paramilitary Bassij Center in Lavasan, North Tehran. #Fir

March 13 - Qazvin, NW #Iran‌ Protesters Starting #FireFest, Defying Authorities Banning Such #4Shanb