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Entries in Mohammad Reza Pour-Ebrahimi (1)

Monday
Sep172012

The Latest from Iran (17 September): An Intervention in Syria

See also Iran Analysis: Tehran Hurts Itself With Muddled Messages on Syria
The Latest from Iran (16 September): The Rhetoric, the "Protests", and Now the Threats


1835 GMT: Foreign Affairs Watch (Lebanese Front). Following the declaration of the head of the Revolutionary Guards that Tehran has sent members of the Quds Force to Syria and Lebanon to provide "counsel", President Michel Sulaiman has challenged the Islamic Republic. “President Sulaiman asked for an official explanation from the relevant Iranian authorities,” his office said.

1825 GMT: Currency Watch. The Iranian Rial is falling again on the open market, dropping 2% vs. the US dollar to 24950:1.

Last week, the Rial broke the 25000:1 level for the first time, less than half its value at the official rate.

Meanwhile, the Central Bank has denied widespread reports that it has halted provision of foreign currency at the official rate to importers since last month, claiming that this is still available for the most important basic goods.

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