Wednesday 10 July 2013

Iran Feature: Central Bank (Unwittingly) Admits Big Problem - tks @eanewsfeed

EA WorldView | A Window On The World: "The head of Iran’s Central Bank has claimed that the Islamic Republic’s currency reserves have increased to between 60-65%, Mehr News reports.

Mahmoud Bahmani said that the currency reserves had seen a “dramatic” increase over recent years and now stand at $40 billion. Bahmani said that the issue of Iran’s foreign exchange reserves was confidential.

Wait just a minute — did the Central Bank, after 18 months of withholding figures, just admit to a 50% decrease — not a 60 to 65% increase in Iran’s foreign reserves?

The Islamic Republic has not posted official numbers on its researves, but at the end of 2011 the best estimates — including that of the CIA — were that Iran had amassed $80 billion."

'via Blog this'

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