The Latest from Iran (2 September): Tehran Strikes A Defiant Pose

Nikahang Kowsar's view of the isolation of Iran and the Supreme Leader after this week's Non-Aligned summit

See also Iran Snapshot: Head of State TV Admits Mis-Translation of Egyptian President's Speech on Syria
Iran Interview: Ali Larijani on the Nuclear Issue, Syria, and Detained Opposition Leader Mousavi
The Latest from Iran (1 September): After the Summit

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1539 GMT: Currency Watch. With the currency market set to re-open after an extended holiday, the head of the Central Bank has dismissed speculation that the Iranian Rial --- now at 21930:1 vs. the US dollar --- will weaken on the open market to 30000:1.

Bahmani said instead that the Rial would reach 15000:1, its highest level since last summer.

1533 GMT: Finance Watch. Speaker of Parliament Ali Larijani has cancelled President Ahmadinejad's right to withdraw money from National Funds without legal directives.

Larijani's step comes amid complaints that Mahmoud Bahmani, the head of the Central Bank, has not delivered a report on government withdrawals of cash from financial institutions in July.

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The Latest from Iran (25 January): A Government Committing Economic Treason?

Cartoon: Nikahang Kowsar1755 GMT: Elections Watch. Guardian Council spokesman Abbas Ali Kadkhodaei says about 80% of the 5400 applicants to stand in March's Parliamentary elections have been approved.

1750 GMT: Oil Watch. French oil refiner Total has stopped buying oil from Iran in line with new European Union sanctions, according to Chief Executive Christophe de Margerie.

De Margerie said Total had been buying about 80,000 barrels a day of Iranian oil.

1740 GMT: The Government Moves --- But Will It Make a Difference? The currency website Mesghal is claiming that the Government's steps (see 1730 GMT) have made a difference to exchange rates and gold prices. Old gold coin has plummeted almost 20% in price to 820,000 Toman (about $400) while the Iranian Rial has supposedly recovered 20% of its value to stand at 19000:1 vs. the US dollar.

There are other claims, however, that the effect has not been so marked. Hamshahri reports that the open market was actually trading Rials for dollars at 21700:1, with vendors on the streets and foreign exchange offices displaying official rate but selling the dollar at a higher rate.

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