Iranians are seeking gold as their currency - the rial - plummets in value.
Gold Crush: U.S. Ready To Shut Down Gold Sales To Iran -- FOX News
The U.S. is trying to stop the gold rush to Iran in a bid to undermine the Islamic Republic's plummeting currency, but critics say the move is more likely to hurt ordinary citizens than the rogue regime's leadership.
A top Treasury Department official told lawmakers that, starting July 1, the U.S. plans to crack down on all transfers of gold to the Iranian government or its citizens. The move appears aimed largely at banks and gold brokers in Turkey and the United Arab Emirates. Companies operating from within those nations have shipped large amounts of gold to Iran as Tehran attempts to stabilize its currency, the rial, amid increasing international economic isolation.
Read more ....
My Comment: On one hand there is a movement (as in the case of imposing sanctions on gold sales to Iran) to have even more sanctions against Iran .... on the other hand .... the U.S. moves to undermine it.
No comments:
Post a Comment