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Running Inflation

2,070 views · Published 30 September 2012 · 2:20 · Indexed 12 November 2026

Channel: Wrath0fKhan · 2012 · People & Blogs

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Sanctions have taken a toll on the Iranian economy. The government is reluctant to admit it. Inflation is high. The number of young unemployed is a growing concern. NBC's Ali Arouzi reports.  

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Spain Arrests 2 Over Suspected Iran Nuclear Export (abc, Jan 11, 2013):
"Spanish police have arrested two people and seized equipment made by a Spanish company that was to be illegally shipped to Iran for use in its nuclear program, officials said Friday ... The seized objects included 44 valves made of an alloy "containing more than 25 percent nickel and 20 percent chromium by weight, which ... makes them particularly suitable for use in the nuclear industry," the ministry said..."

Tougher EU sanctions against Iran come into force (Reuteres, Dec 22, 2012)
"Rigorous new sanctions against Iran's banking, shipping and industrial sectors took effect on Saturday, as part of the European Union's effort to force Tehran to scale back its nuclear program. The sanctions, agreed in October, entered EU law with their publication in the European Union's Official Journal on Saturday. The toughest EU measures yet, they include bans on financial transactions, sales to Iran of shipping equipment and steel, and imports of Iranian natural gas, adding to earlier bans, including on the OPEC producer's oil."

Senate approves new sanctions for Iran energy, shipping (ND/Reuters, Nov 30, 2012)
http://www.newsdaily.com/stories/bre8at0tr-us-usa-iran-sanctions-vote/
"The Senate on Friday resoundingly approved new sanctions on trade with Iran's energy, port, shipping and ship-building sectors, its latest effort to ratchet up economic pressure on Tehran over its nuclear program."

Iranian: 'Our money is becoming more and more worthless every day'
http://worldnews.nbcnews.com/_news/2012/09/28/14137979-iranian-our-money-is-becoming-more-and-more-worthless-every-day?lite
"Even though threats of war with Israel are almost a daily occurrence, what's really on people's minds in this city is the economy.The United States, the European Union and the U.N. have imposed tough economic sanctions against Iran, blocking access to the international banking system and curbing sales of Iranian crude oil as a way to persuade Tehran to abandon its nuclear program. As a result, Iran's currency, the rial, is in a constant state of flux, but mostly on a downward trajectory. These days, it seems to fall in value against the dollar on an hourly basis. On Tuesday the currency hit an all-time low against the U.S. dollar, trading at 26,500 to the U.S. dollar on the open market, according to Persian-language currency tracking website Mazanex."

U.S. targets Iranian human rights violators (CNN, Nov 8, 2012): "The United States sanctioned 17 Iranian individuals and entities for their alleged roles in the Iranian government's human rights abuses and support of terrorism, the Treasury and State departments announced Thursday. The actions were carried out under the authority of three separate executive orders that had already been put into effect ... Among those targeted is Ali Fazli, deputy commander of the Basij militia, who participated in the brutal crackdown of civilian protestors in the aftermath of the disputed 2009 Iranian presidential election. Iran's minister of communications and information technology, and a number of other Iranian government officials were targeted as well."

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